Subject: Re: What Did You Buy Today?
You are misunderstanding. I agree with your post and I wasn't knocking it down. My intention was only to sing the praises of dollar cost averaging for mere mortals who don't know how to build a bottom timing tool!

My bad. Agree with the general goodness of DCA.
I don't know how to build a bottom timing tool either, but I know Jim knows and that's good enough for me.

However.... not to get woo-woo but sometimes, unreliably, "gut feel" works (or can be completely wrong, it's not a science after all). IIRC George Soros's son said (paraphrasing) "forget my dad's explanation of his methods. The way he knows he has made a bad call is when he gets back-aches and starts complaining about everything."

Anyway, I am not in Soros's league but it just feels like we are still quite a ways away from the real bottom. Maybe it's the general malaise affecting my country, maybe I am subconsciously parroting Jim and others and thinking its my gut feel. Regardless, I am not buying yet. And before someone trots out the Peter Lynch quote, I am fine giving up some gains just to feel happy about buying when I do (probably when the market is 20% higher than now!)