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Sunday, December 14, 2003 2:27:45 PM
I wish I was sophisticated enough time my buy and sell at the right moment but I usually end up acting in the wrong way at the worst possible time. So just accumulate and average down. For some investors, the fluctuations have been a gift, but for a lot of us, it's just an annoyance. Those with the IRA accounts can't contribute more money except as the law allows, and so even averaging down can be impossible. It's sort of difficult to open your mouth and say the exact right thing without risking offense to someone, but I guess since we can apologize and trust the understanding nature of out fellow posters to let us off with a "nevermind", we can keep calling them like we see them.
(My daughter opened her first IRA with a Max contribution allowed for her, and of course wanting to have a firm base in the account populated it with WCOM and GE as her broker suggested.) Live and learn.
Stakddek
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