 Quote:
Originally Posted by haha
Why would diversification over asset classes and securities be important, but not diversification over time?
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Because the data says that (providing things arent obviously ridiculously overpriced like 1999) going all-in is your best bet. Since the vast majority of market days are up days, the longer you take to DCA in, the more you're going to miss out.
Its easy to cherry pick the horrible time periods and use those as a watch word.
On the other hand, I'm a close follower of being fully invested but diversifying those investments into out-of-favor segments as they become available. Cant lose that bargain shopper thing...
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Many an optimist has become rich by buying out a pessimist
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