6 ms·
Plan B? Just buy what you can afford each week. And don't think about it. Come back in a year. Retire to Goa. AKA A beach. :-)
by brooklyntribe 9y ago
Plan B?
Just buy what you can afford each week. And don't think about it. Come back in a year.
Retire to Goa. AKA A beach. :-)
- paulpauper 9y agoparadoxially, if you buy a little each week , you want the price to oscillate rather than go strait up
- jstanley 9y agoDon't you want it to stay low for ages and then shoot up all at once? How does oscillation help?
- brndnmtthws 9y ago'oscillation' isn't the word I'd use, but I assume the parent is referring to dollar cost averaging: https://www.bogleheads.org/wiki/Dollar_cost_averaging https://www.bogleheads.org/wiki/Dollar_cost_averaging
- fragsworth 9y agoYou are right, and they probably mean the reverse causation. If it is volatile, you want to "dollar cost average", so you aren't significantly impacted by the price of a single purchase.
- bradleyjg 9y agoThis asset class is different. Prices only ever go up.
- qntty 9y agoIt's hard to tell what's satire and what's serious when people are talking about bitcoin
- deleted 9y ago[deleted]
- gnaritas 9y agoTerrible plan, even if it double or tripled in a year you're not going to retire from that and given its history it's entirely possible it'll be half the current value next year.