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<p>[QUOTE="TexasTwister, post: 1514196, member: 37455"]The best advice I can give with regard to investing in anything is a concept called "dollar cost averaging". Here is a link that I thought was useful:</p><p><br /></p><p><a href="http://beginnersinvest.about.com/cs/newinvestors/a/041901a.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://beginnersinvest.about.com/cs/newinvestors/a/041901a.htm" rel="nofollow">http://beginnersinvest.about.com/cs/newinvestors/a/041901a.htm</a></p><p><br /></p><p>I have invested both ways: buying all at once thinking something was "at the bottom", only to watch it fall significantly after that, and the dollar cost averaging method which I learned later. It is the best way, IMHO, to reduce reduce volatility in whatever it is you are investing in.</p><p><br /></p><p>The OP posted in another thread about his weekly purchases of silver coins. If he is paying SPOT for them, he is in essence already dollar cost averaging by spreading out his purchases over time.[/QUOTE]</p><p><br /></p>
[QUOTE="TexasTwister, post: 1514196, member: 37455"]The best advice I can give with regard to investing in anything is a concept called "dollar cost averaging". Here is a link that I thought was useful: [URL]http://beginnersinvest.about.com/cs/newinvestors/a/041901a.htm[/URL] I have invested both ways: buying all at once thinking something was "at the bottom", only to watch it fall significantly after that, and the dollar cost averaging method which I learned later. It is the best way, IMHO, to reduce reduce volatility in whatever it is you are investing in. The OP posted in another thread about his weekly purchases of silver coins. If he is paying SPOT for them, he is in essence already dollar cost averaging by spreading out his purchases over time.[/QUOTE]
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