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Strategies & Market Trends : Classic TA Workplace
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To: reaper who wrote (33888)3/11/2002 9:08:22 AM
From: AllansAlias  Read Replies (1) of 209892
 
First, you are not intruding. Drop by more often would be my vote.

Now, there is a terrible problem with your plan as it applies to others reaper. If you are over 40, then you may not have time to "buy the bottom" as you suggest. Buying the bottom is not easy. This sounds obvious, but it ain't. One might end up buying and holding for a bottom MANY times in a bear market, only to find some time later than it is not the bottom.

If one knows this, one might be tempted to adopt the approach of legging in on declines. Well, that's all well and fine, but it could be many years before the investments clear your average cost for good (i.e., to the upside).

No, a middle-aged person could very easily be an old person before buy and hold provides any financial security.
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