RE: Redcain and Robs. Where are you5 Apr 2025 14:19
You buy something for £10 and sell it for £9 you have made a £1 loss, ask HMRC if you can claim tax relief on a loss if the loss is on paper. Thousands of funds this week are worth less on paper than they were a week ago, that's how it works. Unless someone actually crystalised the loss by selling they have lost nothing more than having to listen to idiots like Tom who can't figure out kintergarten maths.
It is impossible to bank a profit or write of a loss if you are a long term holder of shares, property, gold, art or any other asset.....as it happens many have ITV shares at 60p so on your reckoning because they were 80p last week, if they sold yesterday they would be on a loss.............Tom, you shouldn't be investing as you are too dumb to understand how it all works. Warren Buffett according to you lost several billion dollars yesterday, in reality he lost zero because he never sold a solitary share!