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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: MHA who wrote (62176)	10/25/2002 5:02:44 PM
From: RetiredNow	Respond to of 77397

Hi all, my plan for buying into the market every week for 6 weeks ended today. Each equal weekly purchase was allocated across all the different mutual funds I own. I bought on the following dates and the DOW was at these levels on those dates: 9/18 - 8,172.45 9/27 - 7,701.45 10/4 - 7,528.40 10/11 - 7,850.29 10/18 - 8,322.40 10/25 - 8443.99 That means I purchased at an average DOW price of 8,003, for a 5.5% gain over that period of time. So on average, I didn't get it right at the bottom, but I got darn close. And 5.5% return on your money in 6 weeks isn't bad at all. Who says dollar cost averaging doesn't work, when you use a little common sense to go along with it? As I said when I first posted that I was going to do this, Sept/Oct are historically great months to buy into the market. Now my next adventure will be in the May timeframe. I will be saving up a bunch of cash to do the same type of buy program during those typically weak months from April to June. I'll probably concentrate my buying during May. How does this relate to Cisco? Well, had you done the same exact thing with Cisco, you would have bought at the following prices: 9/18 - 12.50 9/27 - 11.23 10/4 - 9.46 10/11 - 10.32 10/18 - 10.51 10/25 - 11.78 That's an average of $10.97, which would have netted you a 7.4% gain during that time. Again, not a bad return. :) Food for thought, folks. Good luck all!