Quote:
Originally Posted by toy71camaro
As mentioned above, timing the market is too risky. Especially with that amount of money. a 1% swing either way isn't going to make much difference. And what happens when that stock you bought today, goes up again tomorrow? Now you missed on the gain, and now your paying even more.
I dont worry about timing the market. I'm only buying in small chunks in general. Which you are hitting in chunks of $500, so that's really small. Now if I were buying $500k worth shares, I'd be a little more conscious of the up/down swing, as now that translates to a couple grand difference.
But either way, if they're long term holds, then it doesn't really make any sense. You'll miss the good days waiting for trying to time the one bad one.
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WHAT HE SAID!!
Even I don't wait for something to come down... to me that's just stupid! If I thought it wasn't a good company and that maybe I'd save a 1.00 per share if I "waited"....why would I invest in it in the first place!!
Now --- I don't buy on UP days.. but there's plenty of days (not weeks and months) of little ups and downs... so since I usually have money on the side I'll buy on a big blowup day... Why not? The stocks I like just went on sale... but I'm not waiting and waiting and waiting for another .10 drop. I buy when I'm ready on the first down tick I see. Don't be penny wise and pound foolish.