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The Water Cooler
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<blockquote data-quote="SlugSlinger" data-source="post: 3862502" data-attributes="member: 7248"><p>Yeah, consistently buying the market is dollar cost averaging. That's the thing to do when the market drops, and since it's a long term investment. Too many people quit contributing to their retirement accounts when the market drops dramatically. Then they start buying when its up. That's pretty much human nature.</p><p></p><p>I rode out the crash in 2008, except when the market was close to the bottom I moved from conservative funds to aggressive funds and gained more on the way up than I lost when it dropped.</p><p></p><p>I am actually trying something different during this "crash". I am contributing to a cash account instead of the fund I was in and sold off when Biden was elected. I am going to try to catch it close to the bottom and on the way back up. Those who dollar costs average usually have a better return than those who try to time the market.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3862502, member: 7248"] Yeah, consistently buying the market is dollar cost averaging. That's the thing to do when the market drops, and since it's a long term investment. Too many people quit contributing to their retirement accounts when the market drops dramatically. Then they start buying when its up. That's pretty much human nature. I rode out the crash in 2008, except when the market was close to the bottom I moved from conservative funds to aggressive funds and gained more on the way up than I lost when it dropped. I am actually trying something different during this "crash". I am contributing to a cash account instead of the fund I was in and sold off when Biden was elected. I am going to try to catch it close to the bottom and on the way back up. Those who dollar costs average usually have a better return than those who try to time the market. [/QUOTE]
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