I agree with eveything except #2 your method of "Dollar Cost average Buying", Buy when it drops, not at the end of the week, month etc., to get the most bang for your dollars. If it isn't down, you do not need to buy more to average your cost downwards, since you are up. The only problem then, (sooner rather than later) is when to sell some. Same formula, only in reverse, for example, sell it all, but keep what you now have for free, or break even, take some dollar profit and keep the rest free to, or various versions of the same. Some wait for the price to jump 50%, others 100% etc.
I am,
Truly yours,
-Crystal ball
P.S. your method is okay, but I have trouble on the faith of blindly accumulating without watching the price flux closely. I guess I am more shorter term than long term, although I will be in AOL the whole time, just out and back in, AOL means "Acquire On Lows" or "Accumulate On Low" |
