Quote:
Originally Posted by NickyC
Nothing to worry about, BTFD!!
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I am a proponent of "buying the dip" too, but the only problem is, when is it done dipping? How much do you put in when it dips? When it dips more, do you have more money to buy or did you use it all the last dip?
Is this the dip or did is just begin?
Dips are only easy to see when you look back and it's too late. Buying now would be smart if we bounce back to dow 20,000, but stupid if we "dip" back to dow 10,000.
Problem is, no one really knows. Your best bet is to keep consistently buying and maybe double your rate when it drops 10%. You need some principals or you'll just be guessing.
You think in 2009 when it dropped to 10,000 people thought that was the dip? Oh wait, it went to 6500.