Originally Posted by
Baa_Baa
If you're not excited about a once in a long time depressed equity prices, and you're a long term investor then you're not paying attention to the market that's gifting you entry and top up prices that come around very infrequently. The traders that are focused only on capital gains/losses can do whatever they want, it's not relevant to us.
Periodically the market price guts itself on fear or whatever, it doesn't really matter what that whatever is. It's gifting you low entry equity prices. The only decision is whether you accumulate what you've already got, buy in to something new, or wait a bit longer in case those equities are cheaper later on.
You're inherently buying free cash flow distributions for X years, it's as simple as that. Get your head around that and you'll understand long term. Match that with patience and you'll be successful. The cheaper you do that, the better off you will be.
You've never made a a loss unless you sell at a loss. Long term profits are realised on long term positions, that means you have have no intention to sell and your paper position is of no matter or consequence as the earnings flow into your bank account.
One day your earnings will have fully paid for your your capital investment, and from then on it's gravy.