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<blockquote data-quote="Travel Museums" data-source="post: 954550" data-attributes="member: 11817"><p>DOLLAR COST AVERAGE</p><p>(Face palms self)</p><p></p><p>You just... You just don't get it do you, Scott? (Dr. Evil). </p><p></p><p>Seriously. Did you not read my posts? You start investing right the fuck now. $10 every week. Or whatever. Stop worrying about the share price fluctuations. You only worry about that when there are wild swings based on some grave news like the company faked their accounting reports or their product gives everyone cancer. Then you short that dog and lick ur wounds. </p><p></p><p>But guess what? If you invest in an actual blue chip or better yet an etf THAT WILL NEVER HAPPEN. </p><p></p><p>Because they have fundamental value. That's why they are blue chips. That's why you buy I little taste every week and keep coming back for more. You don't care about the share price (if it's actually a problem it will be front page news). You're buying inherent value and/or decent dividends. </p><p></p><p>You set it to autopilot. Once you're comfortable making trades you put all sorts of stops on the trades. Sell/buy if it falls above/below $10, etc. It's an emergency break on an elevator really. </p><p></p><p>The real problem most guys I know have:</p><p>They failed to capitalize on the Great Recession bounceback. And now it's too late. Things are better and they have the money and confidence. But the markets bullish. Sorry you missed out. </p><p></p><p>You're not getting on the rollercoaster while it goes uphill. That only sucks short term. So long as you're not investing $1million tomorrow and the economy tanks next week it's all a drop in the bucket. You're going to space out your $200k investment over 10 years. </p><p></p><p>This may not sound passive but it actually is.</p></blockquote><p></p>
[QUOTE="Travel Museums, post: 954550, member: 11817"] DOLLAR COST AVERAGE (Face palms self) You just... You just don't get it do you, Scott? (Dr. Evil). Seriously. Did you not read my posts? You start investing right the fuck now. $10 every week. Or whatever. Stop worrying about the share price fluctuations. You only worry about that when there are wild swings based on some grave news like the company faked their accounting reports or their product gives everyone cancer. Then you short that dog and lick ur wounds. But guess what? If you invest in an actual blue chip or better yet an etf THAT WILL NEVER HAPPEN. Because they have fundamental value. That's why they are blue chips. That's why you buy I little taste every week and keep coming back for more. You don't care about the share price (if it's actually a problem it will be front page news). You're buying inherent value and/or decent dividends. You set it to autopilot. Once you're comfortable making trades you put all sorts of stops on the trades. Sell/buy if it falls above/below $10, etc. It's an emergency break on an elevator really. The real problem most guys I know have: They failed to capitalize on the Great Recession bounceback. And now it's too late. Things are better and they have the money and confidence. But the markets bullish. Sorry you missed out. You're not getting on the rollercoaster while it goes uphill. That only sucks short term. So long as you're not investing $1million tomorrow and the economy tanks next week it's all a drop in the bucket. You're going to space out your $200k investment over 10 years. This may not sound passive but it actually is. [/QUOTE]
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