97guns
Full time employment: Posting here.
Chart reading, technicals, news? As a very casual stock market player, just getting back into the market after a 15 year hiatus, I'm curious
Chart reading, technicals, news? As a very casual stock market player, just getting back into the market after a 15 year hiatus, I'm curious
Curious after 15 years off, why get back on the horse now?
I wouldn't be that harsh at all. I would say the OP has defined himself twice as being somewhat naive. Once, by failing to capture fifteen years of market returns by attempting to time and second, by now wanting to time again. I'd bet that most of us have been guilty of trying to time to one degree or another. There's nothing evil about it. It's human nature. Fear and greed in a stalemate.By asking about entry point, you have just defined yourself as a Dirty Market Timer, and will hereby be shunned on this forum. ...
Chart reading, technicals, news? As a very casual stock market player, just getting back into the market after a 15 year hiatus, I'm curious
Statistical studies repeatedly show that dollar cost averaging doesn't work any better than just jumping into the deep end of the pool, but from a psychology point of view it lets a single investor mitigate downside risk at the expense of possible upside.
Statistical studies repeatedly show that dollar cost averaging doesn't work any better than just jumping into the deep end of the pool, but from a psychology point of view it lets a single investor mitigate downside risk at the expense of possible upside.
Statistics favor the lump sum (on average).
But then an investor can't help but ask - are these average times?
I will never forget having to face investing a lump sum in late 1999. It was frightening.
I decided to average in over two years.
Was I just lucky? Maybe, but late 1999 was also extraordinary.
Was anyone surprised when things started to roll over in 2000? Seemed like we were all waiting for it. I don't think anyone expected a repeat like 1999.
Totally agree with the psychology part. Ultimately it comes down to what strategy gets you to systematically invest, and stay invested. Averaging in and rebalancing made it possible for me.
I wouldn't be that harsh at all. I would say the OP has defined himself twice as being somewhat naive. Once, by failing to capture fifteen years of market returns by attempting to time and second, by now wanting to time again. I'd bet that most of us have been guilty of trying to time to one degree or another. There's nothing evil about it. It's human nature. Fear and greed in a stalemate.