As everybody knows, the best strategy is to buy and hold forever. And with every measly piece of spare cash, dollar cost average your way into your favorite stocks. Whether the stock be mooning or swooning, dollar cost averaging is the magic bullet to make your retirement wonderful (*).
The asterisk is important.
If you look to see who is telling you this, it is generally coming from folks who want you to own risk assets and particular to own them in accounts that they manage. So that as your number of shares grows and grows, the fees you pay them also grow and grow. All the while following the morally responsible course to investing nirvana. What a coincidence!
Timing the market, this narrative says, is impossible, so, don’t try.
Well, it’s difficult for sure, but it’s not impossible. In our new YouTube channel we just posted our latest video which deals with How To Know When To Sell. We use a real-life example to illustrate this.
Take a look below.