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A comment on I’m Still Going Long and Hoping the Markets Go Down. Parent comment

Re:I’m Still Going Long and Hoping the Markets Go Down by njharman on Friday October 10, 2008 @08:30PM (#329393)
Balls?

I don't understand. The simplest tenant is "buy low, sell high". Most stocks are low, way low now. No need to time the bottom. Buy and hold. Buy quality companies whose business/products you personally understand.

If you already have stock, it's a nobrainer perfect time to buy more of the same. Dollar cost averaging.

Bought a stock at $20, now it's at $15? buy another. Your cost is now $17.50. Stock has to go up half as far for you to be making return.

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Re:I’m Still Going Long and Hoping the Markets Go Down by timcederman on Friday October 10, 2008 @08:39PM (#329396)
Yes yes, buy and hold, blah blah. But you're missing the sell part. Monday was when I should've sold high, but I don't want to mistime the bottom, so I do the lazy investor's approach and leave my stocks alone until a bottom has been established and I start buying back in.
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