20 year loan for RV?

Lynnmor wrote:

bid_time wrote:

valhalla360 wrote:
...Buying on margin works great when the market is red hot. When it takes a dump, it's really painful.

Not at all, it's only painful if you sell. Holding a paper loss costs you nothing, just like holding a paper gain nets you nothing.

I thought that "paper" nonsense was obsolete 30 years ago. If your portfolio is down 25%, you done lost 25%. Don't believe that? Ask yourself if your neighbor invests the same amount as your new low figure on the day you bottom out if he has more, less or the same.

There is so much bull that comes out of investment firms, for example:
In it for the long run.
Hang in there, it'll come back.
Market timing won't work.
And many more geared to keep all your money with them.

So if your portfolio is down 25% can you deduct it on your income taxes as a loss? NOPE
You pay Capital gains tax when you sell, you deduct losses when you sell; you get neither a loss nor a gain until you sell.
So - there goes the theory paper loss equals real loss.
You can keep your money in your mattress if you like, I prefer not to; but thanks anyway for the investment advice.