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<p>[QUOTE="medoraman, post: 1154799, member: 26302"]But Cloud, your objections are exactly WHY DCA works if followed. You say:</p><p><br /></p><p>They are more likely to cash out whatever remains than to throw more money into it. - This is why DCA has to be adhered to, and a person cannot bail.</p><p><br /></p><p>They've largely been crushed over the past few years from cashing out at the lows. - Again, they are abandoning DCA, they should be buying on lows.</p><p><br /></p><p>DCA can be a powerful tool. Like any tool it has to be followed. I find it convenient for me to get into a market I am not totally familiar with, and good advice for newer investors who are likely to make rookie mistakes like we have described. The tool is only as good as its use. And yes, a strong stomach makes money, its hard to live with sometimes, I know personally, but most of the time it makes money.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1154799, member: 26302"]But Cloud, your objections are exactly WHY DCA works if followed. You say: They are more likely to cash out whatever remains than to throw more money into it. - This is why DCA has to be adhered to, and a person cannot bail. They've largely been crushed over the past few years from cashing out at the lows. - Again, they are abandoning DCA, they should be buying on lows. DCA can be a powerful tool. Like any tool it has to be followed. I find it convenient for me to get into a market I am not totally familiar with, and good advice for newer investors who are likely to make rookie mistakes like we have described. The tool is only as good as its use. And yes, a strong stomach makes money, its hard to live with sometimes, I know personally, but most of the time it makes money.[/QUOTE]
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