Thread: amoeba's Account Talk

Originally Posted by Birchtree

Sorry, I have neither the time or the interest - I'm very busy making money. Perhaps another member can relate a similar experience while using the concept of dollar cost averaging. It don't mean a thing. http://www.marketwatch.com/story/inv...two-2011-03-09

A David Callaway link is your response?!?! Wow Birch, either you really are making a lot of money today or you are just feeling lazy today! Maybe a little of both?

SmallCaps are holding this rally back.

I'm done with this topic and yes I'm feeling lazy after toasting myself in the yard yesterday.

Originally Posted by Birchtree

I'm done with this topic and yes I'm feeling lazy after toasting myself in the yard yesterday.

Hey BT:

You are the one who brought it up (DCA makes money due to the miracle of bimonthly contributions; no one else agrees with you). Nobody else will explain what you are thinking.

I say prove it; you say you are done; and you have proved nothing. No tables, no nothing. Then you ask for someone else to explain your strategy? The deafening silence says legion.

Originally Posted by Birchtree

I'm done with this topic and yes I'm feeling lazy after toasting myself in the yard yesterday.

Relax and enjoy the green (yard and money)! Have a great one!

Originally Posted by amoeba

Hey BT:

You are the one who brought it up (DCA makes money due to the miracle of bimonthly contributions; no one else agrees with you). Nobody else will explain what you are thinking.

I say prove it; you say you are done; and you have proved nothing. No tables, no nothing. Then you ask for someone else to explain your strategy? The deafening silence says legion.

Ok, here is how the strategy works:

A winner never quits and a quiter never wins.

Originally Posted by Scrappy

Ok, here is how the strategy works:

A winner never quits and a quiter never wins.

A buy and holder like birch doesn't do either; just rides a market that goes no where over the long run and claims DCA makes him money anyway.

That mentality just doesn't compute. I don't call it a strategy, it's a sickness.

Not defending buy and holding at all but Birch doesn't only rely on the tsp DCA'ing to make his money. If you look at the stocks he, and others on here, routinely buy and sell, you can see they don't just DCA (except on those stocks with decent dividends).

Originally Posted by amoeba

A buy and holder like birch doesn't do either; just rides a market that goes no where over the long run and claims DCA makes him money anyway.

That mentality just doesn't compute. I don't call it a strategy, it's a sickness.

Sorry Amoeba. I just don't see how this kind of talk benefits anyone. Just my humble opinion, for what it's worth.

"dollar-cost averaging could be a way for you to get your dollars working on Wall Street with less risk and cost."

http://money.cnn.com/2000/06/20/stra...ire_averaging/

"All you have to do is to implement the strategy upon quality investments and apply the required discipline over a long period of time. In this way you greatly increase your chances for success."

http://www.stock-market-investors.co...-benefits.html

Geesus, that's no sweat off my prepuce. Fidelity published an article last year talking about the same concept and their experience was the same as mine. All I can speak to is my own situation - when you are maxed out on contreibutions with the age catch up you can buy a lot of C fund shares trading around the $8.00 price tag. I started buying the C fund at $17.00 all the way down to $8.54 and continued buying all the way back up to $13.05. I'm not going to add them all up as long as I'm satisfied with the outcome.

A Buy and Holder lost everyone 30 + % in 2008.

10 Years of going nowhere, LOL......


Friends Don't Let Friends Buy & Hold!