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7-12-2008 @ 2:07PM
The first response is only right in the simplistic sense that says money above initial purchase price is profit and as long as you're a cent over that, you're good. But, you have lost money if you sell something under market value, regardless of how much you paid for it. This is not the same as a loss, but it is lost money. The only scenario in which this isn't true, is if the price is never going to recover to the previously established market value and your new selling price is representative of the true market value. Then you haven't lost anything at all. However, if things are selling for 100, and you settle for 50, there's no reality where it isn't true that you didn't just lose 50. That 50 is represented in a value that describes why you didn't sell for 100. Impatience, ignorance, or anything in between is worth that value you sacrificed from the market. This is how plenty of people make their fortunes.
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