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<p>[QUOTE="model77, post: 1313354, member: 34102"]I'm going to cherry pick this quote and take it to mean there is hope for me! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>I find your debate with cloudsweeper really interesting in that I think you are both right! DCA can be a great investment strategy in that it takes no work. you can even set the the funds to direct deposit from your check so you never see or miss the money. Perfect for those that do not want to think about it and/or those that would just blow the money if they had the chance to. I think there are also many very well informed investors that use this strategy so it must have it's advantages above and beyond it's simplicity. </p><p><br /></p><p>On Cloudsweepers side, I have to say if I went to an investment professional for guidance and was told DCA is the best and only way to go, I would get really upset down the line as I learned more about the market and discovered there are other ways that are more exciting and potentially more profitable that I was never told about. I would want this professional to tell me you can do A, B, or C. the right choice for you depends on how much risk you are willing to take and how my time you are willing to invest in the process. Those that are terrible with money or work 80 hours a week and don't want to think about it on their down time can DCA. But please don't assume someone is too dumb or lazy without probing them first.</p><p><br /></p><p>this is my laymans perspective of the debate anyway. Let's all shake hands and go get some coffee! Fatima you can come to, but please be aware that the price of coffee has gone up due to production costs, so you may not want any. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="model77, post: 1313354, member: 34102"]I'm going to cherry pick this quote and take it to mean there is hope for me! :D I find your debate with cloudsweeper really interesting in that I think you are both right! DCA can be a great investment strategy in that it takes no work. you can even set the the funds to direct deposit from your check so you never see or miss the money. Perfect for those that do not want to think about it and/or those that would just blow the money if they had the chance to. I think there are also many very well informed investors that use this strategy so it must have it's advantages above and beyond it's simplicity. On Cloudsweepers side, I have to say if I went to an investment professional for guidance and was told DCA is the best and only way to go, I would get really upset down the line as I learned more about the market and discovered there are other ways that are more exciting and potentially more profitable that I was never told about. I would want this professional to tell me you can do A, B, or C. the right choice for you depends on how much risk you are willing to take and how my time you are willing to invest in the process. Those that are terrible with money or work 80 hours a week and don't want to think about it on their down time can DCA. But please don't assume someone is too dumb or lazy without probing them first. this is my laymans perspective of the debate anyway. Let's all shake hands and go get some coffee! Fatima you can come to, but please be aware that the price of coffee has gone up due to production costs, so you may not want any. :p[/QUOTE]
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