Thread: 30 yrs to go, buy and hold new guy

DaveM,

You are correct in your assumptions of accumulating shares over time - that's the beauty of dollar cost averaging. The problems develope when you have gained enough shares that they will hurt you when the market decides to go into another bear phase - I'm talking in the neighborhood of 20000 - 40000 shares. When one eventually gets to this power level it becomes prudent to try and side step any indepth bear markets. That is going to be my dilemma when we start getting close to another top - could be three years away. But I plan to be constantly vigilant for any signals that we are heading for more than a normal market correction. Taking money out on the upside is very difficult - you still have reserve - I will at some point start to rebuild mine - again may be three years from now - long term strategy.