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<p>[QUOTE="xtronic, post: 899601, member: 24288"]AG Surfer gave some great advice; Dollar cost average.</p><p><br /></p><p>Submit to the (likely) fact that you will not pick the perfect time to buy, embrace your ignorance....heck, kiss it on the mouth. </p><p><br /></p><p>Decide on a plan (once a month, twice a year, ect) and buy a little bit. If it is for long term savings, you will make out fine. Split your capital into three groups and start with 1/3 at a target price. </p><p><br /></p><p>If it is for short term trading...use the SLV index fund.</p><p><br /></p><p>I have found that my target price changes as time passes. Here are some examples of when I purchased ASEs over the past 10 years;</p><p><br /></p><p>4.95</p><p>5.99</p><p>4.75</p><p>8.65</p><p>10.40</p><p>14.50</p><p>12.82</p><p>10.75</p><p>16.00</p><p>18.70</p><p>15.39</p><p>16.16</p><p>18.59</p><p>20.58</p><p><br /></p><p>You will notice that many times (almost always) after I bought some, the prices went down. I know that even if prices will go down, I doubt that I will be smart enough to buy then....because I will be waiting for it go down further....</p><p><br /></p><p>Don't be fooled into thinking that you KNOW something or have secret data. Factor your lack of omnipotence into your plan.</p><p><br /></p><p>Design a plan....work the plan....modify the plan...be the plan.[/QUOTE]</p><p><br /></p>
[QUOTE="xtronic, post: 899601, member: 24288"]AG Surfer gave some great advice; Dollar cost average. Submit to the (likely) fact that you will not pick the perfect time to buy, embrace your ignorance....heck, kiss it on the mouth. Decide on a plan (once a month, twice a year, ect) and buy a little bit. If it is for long term savings, you will make out fine. Split your capital into three groups and start with 1/3 at a target price. If it is for short term trading...use the SLV index fund. I have found that my target price changes as time passes. Here are some examples of when I purchased ASEs over the past 10 years; 4.95 5.99 4.75 8.65 10.40 14.50 12.82 10.75 16.00 18.70 15.39 16.16 18.59 20.58 You will notice that many times (almost always) after I bought some, the prices went down. I know that even if prices will go down, I doubt that I will be smart enough to buy then....because I will be waiting for it go down further.... Don't be fooled into thinking that you KNOW something or have secret data. Factor your lack of omnipotence into your plan. Design a plan....work the plan....modify the plan...be the plan.[/QUOTE]
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