Well ----- there's the age old market timing approach of "SELL IN MAY AND GO AWAY".... So maybe for those waiting -- you could wait for a dip in May.
My belief is that wait - and for those that choose to reinvest the dividend - you miss another dividend - whereas if you're in - and pick up the dividend - and it buys some shares lower you're lucky and have gotten paid AND you buy some shares lower and your next dividend is larger which buys more and on and on and on.
Personally -- I'm not worried about what price I pay NOW because I plan to own the shares for YEARS not weeks... and when and if I get ready to sell them - they should be far higher than the price I paid today.
I currently have several holdings (remember the size of my holdings) that are underwater by 100K and more. I could care less.... they're paying me 20 or 25K per QUARTER.... and that alone will take care of the red numbers. That's what I really invested for in the first place. The other part doesn't really matter because I'm not selling them now. It's even less important if your time horizon is 10 years out...
Having said all that --- I certainly understand the psychology of wanting to buy lower.
|