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Ben Carlson: What If You Only Bought At Below Average P/E Ratios?
FYI: A few years ago I wrote a post that is still far and away my most popular called What if You Only Invested at Market Peaks? I still regularly receive comments, caveats, and questions about this one.
I took away form the blurb much the same as you. With this, I'm thinking that is why DCA (Dollar Cost Averaging) works as one winds up being somewhere in the middle with some bought at a lower cost while other buys were at the higher end. But, once your reach your fulfillment and fully invested within your asset allocation ... this leaves it (in my book) to "pick and choose." When to put new money to work and when to pick some of it up.
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I took away form the blurb much the same as you. With this, I'm thinking that is why DCA (Dollar Cost Averaging) works as one winds up being somewhere in the middle with some bought at a lower cost while other buys were at the higher end. But, once your reach your fulfillment and fully invested within your asset allocation ... this leaves it (in my book) to "pick and choose." When to put new money to work and when to pick some of it up.
Wishing all ... "Good Investing."
Old_Skeet