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<p>[QUOTE=&quot;beef1020, post: 1751609, member: 24544&quot;]You are wrong about what dollar cost averaging is, and you should drop the patronizing tone.</p><p>&nbsp;</p><p>DCA - The technique of buying a <b>fixed dollar amount</b> of a particular investment <b> on a regular schedule</b>, regardless of the share price. More shares are purchased when prices are low, and fewer shares are bought when prices are high.</p><p>&nbsp;</p><p>I do not dollar cost average any of my investments as I do not put the same dollar value into any investment on a routine basis. What SCFY was suggesting was not dollar cost averaging either as he was talking about buying equal quantities of silver in his example, not purchasing a fixed dollar amount.</p><p>&nbsp;</p><p>SCFY was talking about something similar, however he was referencing what dealers should do to run their business, not what prudent investors should do. As a business strategy what he was suggesting was stupid, plain and simple.[/QUOTE]</p><p><br /></p>

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