Poll - The Stock Market and Vintage Sales

[ValKehl]

Originally Posted by raulus

Maybe instead of moving over a gigantic chunk when you think the bottom has arrived, move smaller chunks over periodically. That way you don't get burned quite so badly if the "bottom" keeps moving down.

Or even just switch your allocation a bit. If you usually invest X every month, then ramp it up to 1.5X or 2X while the market seems to be down.

Although that might require allocating away from other stuff, like cardboard, in which case it might be more painful than we want to admit.

Thanks, Nicolo, for your sound investing advice, which I believe is much the same as Phil's dollar-cost-averaging advice, which my wife subscribes to even more than I do. FYI, I am 81 and my wife is 72. We have been retired for many years, we are debt free and we live comfortably, but not extravagantly, on our Social Security benefits and my pension. Our investment income is reinvested, some automatically and some at our discretion; this is the only ongoing investing we are able to do. Fortunately, we've had no need yet to tap our investments, which we are hoping to be able leave to our kids, grandkids, and great grandkids.