Re: Re-thinking Dollar Cost Averaging
Street Smart
10/25/2011 8:04:13 AM
I know what you mean about the NY Times @cat tail, but I still read it every morning out of force of habit. It's the WSJ I can't figure out these days! In some ways I like it better (weekend section, Personal Journal section during the week), but with the exception of Peggy Noonan whom I adore, I think their editorial section is to the right of Attila the Hun and not much more balanced.
The NYT on the other hand can be ridiculously liberal at times, though I wouldn't miss Paul Krugman on Mondays and Fridays. But just once I'd like to see the NY Times take Tim Geithner to task for his bungling and misdeads. Just ONCE.
And so it goes... My solution is to read EVERYTHING I can get my hands on from every source I can ferret out.
My current fave, also posted on "The Young and the Jobless" here on the IU site, is the following. Give me points for being eclectic!
http://ftalphaville.ft.com/blog/2010/04/30/217381/we-are-wall-street-we-are-smarter-and-more-vicious-than-dinosaurs/
Re: Re-thinking Dollar Cost Averaging
cat tail
10/25/2011 12:59:09 AM
Once I was intimidated by the NYT. Now I can't find much to recommend in the paper. The writing went from pompous to pedestrian, but it's still convoluted and confusing.
Re: Re-thinking Dollar Cost Averaging
Scott Raynovich
10/24/2011 10:35:14 PM
Thanks Street Smart.
Articles like that don't add to the NY Times business section credibility, especially since they specialized in "after-the-fact" analysis of the 2008 crash while during the weeks going into the crash they had a "What Me Worry?" approach after spending years publishing the ramblings of Ben "There is No Housing Bubble" Stein. Where is he now, by the way?
I spent some time today watching the Ray Dalio interview with Charlie Rose. Very interesting. If I had my choice between the NY Times and Ray Dalio I would listen to Ray Dalio.
http://www.charlierose.com/view/interview/11957
Re: Re-thinking Dollar Cost Averaging
Street Smart
10/24/2011 7:54:00 PM
Scott--
I've been dollar cost averaging for three decades and don't plan to stop now. I just wanted to put the NY Times article on your radar. Remember the Mark Twain quote that there are lies, damned lies and statistics. One study can say anything.
Re: What a bold move
rkevans19
10/24/2011 7:24:25 PM
Good article, but a little bold, I think. Hunker down for the next year-buy only sure stosks. The coming election will determine our fate. Have actively been opposing Communism for over 60 years and Obamacare is pure Marxism. Hillary started it in 1992 when I had been practising for 20 years with a few in Canada.
It was less obvious but rationing began, prices skyrocked, and charity (Love)was buried- Charity hospitals were forced to sell to Wall St. and Hillary's friends. Doctors were criminals if they did not charge Medicare patients full price, Hillary calls herself a "Progressive", a euphemism for Marxist. Please read some history about the ex-Communist countries, Venezuela, El Salvador,( worse than Mexico) and controlled by Chavez, Hillarycare.
"Truth" was defined by Stalin "as that which advances Communism." ie. Obama never lias!!
Now, you will know how to invest. Good investing and God Bless.
Re: Re-thinking Dollar Cost Averaging
Scott Raynovich
10/24/2011 12:48:51 PM
I read the article and I didn't really understand it. It was poorly written and it referenced one study!
Also it matters what you are dollar-cost averaging into. I have seen studies that prove it works great, depending on your methodology. I am talking about dollar-cost averaging into low-PEG stocks.
Scott,
I hope you're wrong about the general direction of the world economny, but I fear you may be exactly right.
Of your five points, my favorite is #5 Work harder on a career to build earnings and wealth to invest Too often working invetors overlook the option of making impovements to their earning potential. For many of us and particularly with investment returns where they've been recently, this is like our single largest asset.
I've been looking forward to this since you promised to do it some time back. I for one, will be following the next steps with interest. Thanks for sticking your neck out like this.
PC
Re-thinking Dollar Cost Averaging
Street Smart
10/24/2011 11:23:06 AM
Value Hiker,
I understand but please understand the main reason I am resetting my portfolio is I want to "start fresh" and clear the head. Like I said I believe lower prices are ahead but I could be wrong and at any rate I will be buying cheap stocks over the next 12 months as I reallocate.
I also sense that the market is shifting, after small-cap and momentum plays have been dominating since 2009, I think we'll probably shift to blue chips and dividend producers. I need to watch the market and get a feel for where it's going in 2012.
--Scott
Street Smart,
Excellent point!
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