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Old 06-30-2016, 05:41 PM   #21
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Originally Posted by RobbieB View Post
I dunno, I've always heard that dollar cost averaging was the best way to invest. People also think the market is high right now, so if you do it also makes sense.

Maybe they meant that the dollar cost average was only good over a long time frame, say 10 to 20 years of 401 type contributions?

See, I dunno. Another reason I hired an advisor.
Will a study done by Vanguard change your mind

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Old 06-30-2016, 06:59 PM   #22
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Originally Posted by Texas Proud View Post
From what I read, you are correct that lump sum is better...

But, there is also psychology working here and nobody wants to be those few people who actually lose by lump sum.... better to be wrong with a lot of small purchases the wrong with one big one.... oh, and the person would not know he/she was wrong on the dollar cost averaging as they will not go back and look.... but the lump sum person can easily see if it was good or bad...

Yup. That's why I do it, even though it's supposed to be a bit better to do lump sum. The peace of mind is worth it to me.

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Old 06-30-2016, 07:03 PM   #23
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I don't need to change my mind, the OP said he wasn't much of a risk taker.

I've lumped and averaged with good results.

Retired at 59 in 2014. Should have done it sooner but I worried too much.
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