Sounds like trying to time the market to me.i.e. This month one of your shares drops by 10%, buy that one.
It's not timing the market. Each month you put in 5K, into 1 of 5 stocks, no matter what. i.e. no market timing.Sounds like trying to time the market to me.
Why not 5%, or 20%?
it allows you to take advantage, if 1 of the 5 stock is on sale
Have you given thought to the type of shares you are buying?Thanks, I am not trying to time market. Just plan to buy and hold.
I have the industry/sector split and have some companies in mind. Mostly big names. Nothing overly complicated.Have you given thought to the type of shares you are buying?
The initial order you pick to buy the share, is random. Changing the order as I suggest doesn't change that, it's still random.Shares being "on sale" is nonsense, the price is the price.
A 10% drop doesn't mean it costs 10% less than its true value.
I don't understand this.When I went to sell I ended up selling them in the same lots as I purchased them so I could keep accurate records.
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