03-06-2021, 12:17 PM
Make your list of quality DGI stocks, no limit as to the number of tickers.
Divide your available investment cash pile into 20 lumps.
When a stock on your list drops 10% off a prior high, you buy it with one lump. If it drops another 10% you spend the second lump on it.
Some will fall even lower of course but you have bought at reasonable prices and should be able to withstand some drawdown.
Others will pull back 10% and zoom, leaving you only 1 lump invested-for now.
Just be patient and buy what your analysis shows are quality stocks.
Pull up some charts on the Aristocrats and you will see how well this simple method works, especially if you have time on your side-unlike Fenders and me.
Divide your available investment cash pile into 20 lumps.
When a stock on your list drops 10% off a prior high, you buy it with one lump. If it drops another 10% you spend the second lump on it.
Some will fall even lower of course but you have bought at reasonable prices and should be able to withstand some drawdown.
Others will pull back 10% and zoom, leaving you only 1 lump invested-for now.
Just be patient and buy what your analysis shows are quality stocks.
Pull up some charts on the Aristocrats and you will see how well this simple method works, especially if you have time on your side-unlike Fenders and me.