Replies to post #742 on Money 101 (Money)

[Argyll]

That's interesting.

With a tool that gives you a very good chance of purchasing on a down day for the fund (I think more than 90%), this technique should be an improvement

I don't think similar tracking stocks or indexes existed when Lichello wrote his book. Now you can trace the likely daily fund price during the day. I think my idea removes some of the flaws of DCA. It gives you a much greater likelihood of getting a better price each time.

Of course, one has to have money ready to invest and willingness to watch the market. As it's an experiment, I'm just doing $50-$100 at a time. This week there were two down days for one fund and one for the other.