I just realized some of my assumptions which may cause confusion from my last post:

1. By "investment," I'm referring to something that's bought with the intention of selling for a reasonable profit within a reasonable timeframe. I'm not a buy-n-holder. I'm a trader, but not a speculative trader. I also believe in taking profits regularly.

2. By "cost basis," I don't mean to imply that you never watch market value; rather, you keep your eye on the difference between market value and cost basis (profit = proceeds - cost). I'm against watching market value exclusively (or even predominantly) when considering investment assets.

Sorry to be so confusing.

Best,
Phil


What is "investing?"...