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re: Dollar Cost Averaging
Posted on 10/21/14 at 9:55 am to TigerDeBaiter
Posted on 10/21/14 at 9:55 am to TigerDeBaiter
When I initially set up my Roth, I opted for auto draft on my pay day.
After several months, I opted out and now try to look for negative days (mini dips) or after a series of down days. I make the order before the close of the market and receive the opening morning's price.
This works for me as I track the market daily and can afford to buy before a given payday.
This is definitely small-ball tactics, but I'll take any advantage I can get.
After several months, I opted out and now try to look for negative days (mini dips) or after a series of down days. I make the order before the close of the market and receive the opening morning's price.
This works for me as I track the market daily and can afford to buy before a given payday.
This is definitely small-ball tactics, but I'll take any advantage I can get.
1
Posted on 10/21/14 at 10:50 am to Oenophile Brah
I agree, very small advantage if any... My yearly max is in the money market account right now so I have the ability to choose any day as well. Probably will just stick to Mondays as it seems easy for now, although I do look at the market daily as well.
I've heard paydays are the worst to buy. I think it's been referenced as the "401k effect" somewhere I believe.
I've heard paydays are the worst to buy. I think it's been referenced as the "401k effect" somewhere I believe.
This post was edited on 10/21/14 at 10:54 am
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