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Today I added 400 units at $16.82 mostly.

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jugs Member Level  Wednesday, 10/28/20 12:33:58 PM
Re: OldAIMGuy post# 551
Post # of 594 
Today I added 400 units at $16.82 mostly.

My cost basis is now $16.83, up from the $16.80 of yesterday.

That said, I don't find myself able to set (in advance of market reality) what my best add-on price/unit might be. Generally I want to be adding when I find I am in position to improve my overall cost basis. Today I back-of-the-napkin style deducted the pending distribution from my buy price and it was to my liking for sure. Obviously if things continue to decay I will be going back to the well for another sip.

I like my present cost basis enough to continue along the same path. And I don't think I could find a more reliable return on my investment.

Good fortune to you!

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