Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Barikui1
on 17/12/2024, 14:59:27 UTC
Then as for the DCA accumulating strategy, you don't necessarily need to have a fix amount either weekly or monthly, what is very much important in executing that strategy is that let it be done with an amount you can do away without, so that you wouldn't have to fall back to it prematurely, so to be too much aggressive is actually wrong, if it's what you can't afford to do away without.
[quote ]proper planning entails that you become as discipline as possible and that might involve setting out a fix amount you are to use for your buying so you can comfortably do it for the long run and still have some extra funds that will go into the other needs you might have.

Yea, proper planning is very much important in other to achieve any goal you set for yourself in achieving, but you also need to know that we live in a world full of uncertainty, even tomorrow is not promised, something can happen to your weekly or monthly salary/income that you can't invest the exact amount of money you normally use in investing due to shortage, the logical thing to do is to either do things base on scale of preference or you cut down cost of all you budgeted for that salary/income, so that stability must be maintained in not just your DCA accumulating strategy but also in your ability to pays other of your bills.

Quote
again, when we just talk about buying with what we can do away with, it is only best we explain what we mean by that and not allow a third party get to read a wrong meaning into it.
Then talking about this statement here,it can mean two things, depending on the scenario it's been used.
*Firstly, it might mean an amount of money you don't need for the time being, like in the next five to ten years time.

* Secondly,  it can also mean an amount of money you are willing to lose if things doesn't works out as planned.
So in this scenario, am talking of the first one here, because it's quite logical that we invest with money we can do away without for a very long period of time.