O'Reilly logo

Bank On Yourself Revolution by Pamela Yellen

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 2

You Can’t Eat Paper Profits

Just ’cause you’re following a well-marked trail doesn’t mean that whoever made it knew where they were goin’.

—TEXAS BIX BENDER

I JUST KEPT STARING at it: minus $62,734.06. That’s the “unrealized loss” we had in one of the mutual funds in our retirement account. It said so in the statement we’d just received.

A $62,734.06 unrealized loss!

I guess I thought I could stare that number down. After all, it was 2010, and we’d just had a nice run-up in the stock market. That particular ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required