<p>Check one of the “guru’s” books - Ken Fisher’s “The only three questions that count” He makes a pretty good case for not dollar cost averaging.</p>
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<p>Isn’t that the book in which he uses statistics he doesn’t really understand? Correlation doesn’t imply causation, etc and so on.</p>
<p>I’ll stick with Philip.</p>
<p>Dollar cost averaging is a byproduct of, not necessarily a goal of, disciplined investing, and a disciplined investor gets the gold.</p>
<p>Someone mentioned on another post and I have a friend, a smart young woman, who is doing this: now is a time when and employed 20-something out of school for a fairly short while can invest in a house.</p>
<p>Calmom,</p>
<p>Congrats on the GM purchase. Your gamble hits the jackpot!</p>
<p>Accumulate good dividend-paying stocks in the bottoming process. If the price tanks, you still have some semblance of dividends. I picked up two stocks with 24 to 30 percent divvy yields yesterday. I assume that the divvy will go down with the economy but it should still be pretty health and should recover when the economy recovers.</p>
<p>Did somebody mention Bob Brinker?</p>
<p>He came across as a real genius in the last market cycle, getting out in time and was fully invested early in 03. This time around he is not so lucky. Last I heard he is still fully invested. OUCH!</p>
<p>Personally speaking, I think we are seeing a relief rally right now. The bear market is not over by any means.</p>
<p>[‘Smart</a> Money’ Stays on the Sides - WSJ.com](<a href=“http://www.wsj.com/article/SB122394318763531045.html]'Smart”>http://www.wsj.com/article/SB122394318763531045.html)</p>
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<p>I don’t think we’ve seen the bottom of real estate yet. Unless you don’t plan to move or don’t need to sell for at least 5-7 years, it may not be prudent to buy now since buying and selling involve costs that would not be recouped.</p>
<p>My son who works in high finance told me last week that he had spoken with a lot of hedge fund managers and they are on the side lines as far as equities are concerned. Mostly they are interested in fixed income and bonds for now.</p>
<p>owlice: Please explain to me how Fisher doesn’t understand statistics.</p>
<p>My brother, who has tons more money than me, was smart and pulled much of his money out of the market late last year. He’s now being advised by some economists who have done VERY well in this horrible market (as in making a huge profit this year). I don’t know how they’re doing it (I’m guessing selling short is one way but I’m sure it’s more complex than that.) People with means, and who can withstand some risk, are able to do well even in this horrible market.</p>
<p>Meanwhile, his poor sister (me!) is still holding on to her investments, seeing what little she has dwindle by the day! Maybe my brother will make me a loan at favorable rates!</p>
<p>DocT, there’s plenty of criticism about Fisher’s book available on the web if you want to seek it out.</p>
<p>There is plenty of criticism of every book ever written. The reviews have been overwhelmingly positive. I don’t get your comment about correlation and causality. He never says that correlation implies causality and his arguments about oil and the market are dead on as I have done the analysis myself - so please clarify.</p>
<p>[Bloomberg.com:</a> Worldwide](<a href=“Bloomberg Politics - Bloomberg”>Bloomberg Politics - Bloomberg)</p>
<p>Once again, nobody beats the market forever. It will be interesting watching the HF results start to surface. So far they are not on the bailout list.</p>
<p>Highland…</p>
<p>[Bloomberg.com:</a> Worldwide](<a href=“Bloomberg Politics - Bloomberg”>Bloomberg Politics - Bloomberg)</p>
<p>More hedge fund woes…</p>
<p>[Bloomberg.com:</a> Worldwide](<a href=“Bloomberg Politics - Bloomberg”>Bloomberg Politics - Bloomberg)</p>
<p>Maybe some of them can become nurses, or at least CNAs!</p>
<p>They are unemployable.</p>
<p>One of them might become Paris Hilton’s BFF.</p>
<p>lol…</p>