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<p>[QUOTE=&quot;medoraman, post: 1162278, member: 26302&quot;]You link shows that for given cost of money using stock market history that DCA is USUALLY not the best method. You link does show if you choose the timing, (like your scenario you presented the first time, that I was responding to), that DCA does indeed produce superior results. That is all I was saying, and your link did not refute that, just made the general observation, (one I already knew), that in a generally increasing market DCA is not a preferable way to purchase securies.</p><p><br /></p><p>I do not know where your definition of value investing come from, but the general definition is purchasing a security at a discount to its fair value. Thats all, no mention of bottoms or tops. A bottom in nominal terms is meaningless, since every day new information comes to light changing the inherent value of an enterprise. Another type of value investor tries to anticipate these changes to the firms inherent value and be ahead of market revaluations.</p><p><br /></p><p>Passant, referring to, &quot;If you&#039;re not good at identifying cheap opportunities with significant intrinsic value likely to improve their prospects, then perhaps you&#039;re just not a good value investor&quot;, would you please just keep the posts civil. I am doing my best to be civil here, then you make statements like this. You don&#039;t know me or my background or my portfolio. I have stated my background and education here, I have not seen your background or education, but saying something like that to impune my credibility or to simply infer you are smarter or a better investor than I does nothing except to raise blood pressures. Maybe you meant it generically, but you used &quot;you&#039;re&quot; not &quot;an investor&quot; so it reads as its directed to me.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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