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<p>[QUOTE=&quot;NorthKorea, post: 1751883, member: 29643&quot;]Licensed as a financial advisor for five years... means you passed your 7 and 66? (I&#039;m assuming you passed the 7 since you&#039;re talking about having $300mm AUM.) I guess I could &quot;talk to you&quot; based upon your requirements, but I see no reason to.</p><p>&nbsp;</p><p>For what it&#039;s worth, if you don&#039;t invest a fixed amount each time, you&#039;re not dollar cost averaging, you&#039;re adjusting your basis. That&#039;s it. The term &quot;dollar cost average&quot; specifically refers to investment of a fixed amount at fixed intervals. Although financial professionals don&#039;t always stick to that standard, they are misusing the terminology when they take actions to lower basis in a position and call it &quot;dollar cost averaging.&quot; If you don&#039;t believe me, ask your compliance officer, as it&#039;s clear you&#039;ve never taken your Series 14, so you should have one.</p><p>&nbsp;</p><p>Also, I realize now why you made the comment about the series 7 and series 6 exams. You&#039;re not actually a financial advisor (adviser). You&#039;re a broker (series 7) and insurance agent (series 6 variable products). Advisors (appropriate spelling when applied to those whose practices are based in advising) need to pass the Registered Independent Advisor (RIA) exams. I don&#039;t remember which one that is (65 or 63), since I took the 66, which counts as both.</p><p>&nbsp;</p><p>I took my licensing exams (Series 7 &amp; 66) in 2004. I sold my advisory practice a few years ago to focus on business planning and development for Asian entrepreneurs. Maybe in the interim between when I was initially licensed (2004) and you were (2008?), they definition of dollar cost averaging changed, but I&#039;m fairly certain it hasn&#039;t.</p><p>&nbsp;</p><p>BTW, I&#039;m impressed that you were able to get your client an average basis of $733.50 on his money invested with you &quot;due to your financial advice&quot; when there was really only three weeks or so (22 Oct - 13 Nov 2008) when the cost of gold was below $740 since you started as a financial advisor five years ago. I&#039;m even more impressed that your firm was allowing you to recommend commodities to your clients in your first year. That would eliminate (to my knowledge) 6 of the 13 largest advisory firms.[/QUOTE]</p><p><br /></p>

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