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Old 08-12-2017, 05:43 PM
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txex86 txex86 is offline
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Join Date: Feb 2007
Location: Frisco, Tx
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Quote:
Originally Posted by disneysteve View Post
There's nothing semantic about it. When someone says, "What's your net worth?" the answer is the total value of your holdings minus your debts.

Certainly, that number changes on a daily basis, but it is what it is. It doesn't matter if you are 100% in stocks, 100% in cash, or some combination of the two.
Not really, when you get closer to retirement. If I own $1 million is stock today, good for me and my net worth, but tomorrow when it goes down to $500,000 it's pretty problematic. Just pointing out the absurdity of net worth when you get closer to actually having to use the assets to live on.
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