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Re:Ask HN: What did you do when you suddenly got rich? by ikeboy on Wednesday July 24, 2019 @11:17PM (#20522271)
The part about not buying into the market all at once as wrong and has been known to be wrong for decades.

Several studies to that effect are linked from the Wikipedia page on dollar cost averaging.

Re:Ask HN: What did you do when you suddenly got rich? by 1123581321 on Wednesday July 31, 2019 @03:19PM (#20577315)
You misread. The advice was to invest over time to get used to the idea, so by the time it’s all invested, they are comfortable with and calm about that size of investment.
Re:Ask HN: What did you do when you suddenly got rich? by ikeboy on Wednesday July 31, 2019 @04:31PM (#20578188)
No. That was the secondary reason given in the next sentence, not the main reason.
Re:Ask HN: What did you do when you suddenly got rich? by 1123581321 on Wednesday July 31, 2019 @04:39PM (#20578287)
You’ve misread.

“Note that don't buy in all at once, diversify not just the investments but also by time, so you're not buying all into the stock market at once.”

This is the recommendation.

This also gives you time to think and reflect about how you want to use your money and what legacy you want,”

This is the main reason, comfort/acclimation.

“while also getting some returns on investments”

This is saying you’ll get better returns than cash, so the price of structuring your investment for comfort will be somewhat mitigated. It’s not advising DCA or suggesting outperformance of or parity with investing everything up front.

Re:Ask HN: What did you do when you suddenly got rich? by ikeboy on Wednesday July 31, 2019 @05:21PM (#20578686)
Diversifying by time is DCA.

If it was the main reason it wouldn't be "also".

Re:Ask HN: What did you do when you suddenly got rich? by eb0la on Thursday July 25, 2019 @03:33AM (#20523421)
I disagree with you: You're talking about what happens under a rational behavior.

If you get a lot of money suddenly, that's not the case. If you invest it all at once in the market, and get by chance high returns quickly, you could start gambing (investing) very quickly.

Re:Ask HN: What did you do when you suddenly got rich? by basch on Thursday July 25, 2019 @09:55AM (#20525363)
that sounds like its own problem to address, not a reason to avoid investing your money.