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Posts Tagged ‘paper loss’

When someone’s portfolio is down, I’ve heard some say: “it’s only a paper loss until you sell.”

However, try telling that to a loan officer at a bank when you’re applying for a loan. They will ask you what assets you have, and you’ll be required to tell them the current value of your portfolio, not what it once was or what you’d like it to be. The loan you’ll be eligible for, if any, will be based on your current portfolio value.

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