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03Lightningrocks wrote:

powerboatr wrote:we have done the dollar cost averaging plan since 1992
it has worked well
every month a set amount is used to buy more of a stock or stocks or parts of a fund (we have three split)
some months we buy more , some we buy less, but over the last decade and a half its made enough for us to be comfortable when i start drawing off them, the 9/11 tank of the market, actually worked real good, we bought lots and lots at low prices and those same funds are well over a 10 fold gain.
we never sell, just buy buy buy
my closed fidelity fund, oh man it makes progress no matter what. the manager for this particular fund is a genius
day trading is imo just to volatile for a person at home to keep up with and make it work, like it was said, you cannot trade as fast as computers.

This... Is called investing! Very nice! Congrats on your strategy! My mother wouldn't listen when I told her to hold in 2008-2009. She freaked and dumped all her stocks at almost the dead bottom. If she would have done what I said she would be right back and then some. Instead, she has watched the market go back up without her in it. She was worried about her retirement money. Fear is a powerful motivator.

yep i Had a commanding officer way back in the day that one day ventured into our shop and was just shooting the breeze about life and stuff. He said a few words about investing because we had a warrant officer that was pushing real hard to hold classes so she could guide us to be smart investors. they were true visionaries in 1992

well his words about dollar cost averaging made sense and i made a few calls to some good investing groups. After a few more one on one meetings with him
i was sold and never looked back.
we both used the same firm until they split and then i added fidelity to grab my 401 money from my other job.
its tough to convince folks to hold the line when the market tanks...I always tell them to be mindful of what is going on, but don't react to quickly. Your planning for your retirement, not today or this week. Let it ride and grow.
Mutual funds work really good with dollar cost averaging, they are diversified and remain pretty evenly balanced ( most, not all)

we have done the dollar cost averaging plan since 1992
it has worked well
every month a set amount is used to buy more of a stock or stocks or parts of a fund (we have three split)
some months we buy more , some we buy less, but over the last decade and a half its made enough for us to be comfortable when i start drawing off them, the 9/11 tank of the market, actually worked real good, we bought lots and lots at low prices and those same funds are well over a 10 fold gain.
we never sell, just buy buy buy
my closed fidelity fund, oh man it makes progress no matter what. the manager for this particular fund is a genius
day trading is imo just to volatile for a person at home to keep up with and make it work, like it was said, you cannot trade as fast as computers.

sjfcontrol wrote:

powerboatr wrote:I would think the market would have rallied if barry had been blown up or injured.
fuel prices would fall, crude production forecasts would go up,
just thinking out loud


still pretty amusing how the markets freaked based on computer program interpretation.

That whirring sound you don't hear are the silent black helicopters circling your house.

i can detect low pressure air changes and dive into the bunker

crazy lune joe would just be lost and nobody would take him serious...he would be just like carter, a puppet on the string

fox bus was saying the market lost billions in the hour of free fall
i bet many made much more in that short time

I would think the market would have rallied if barry had been blown up or injured.
fuel prices would fall, crude production forecasts would go up,
just thinking out loud


still pretty amusing how the markets freaked based on computer program interpretation.