I’ve posted Entry #15 for the Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Lily Tomlin on How to Read Your Portfolio Statement.
Juicy Excerpt: If you are like most middle-class workers, you have no intention of selling all your stocks today. You are in it for the long haul, trying to finance a retirement that you won’t be enjoying for many years to come. The amount that your stocks would sell for if you sold them today is not the number you need to identify to know where you stand financially. You need to know the true value of your stocks, the value that they will hold not just for today but for tomorrow and for next week and for next month and for next year and for ten years down the road. That’s a different number.