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Back Beach · 04-01-2010, 02:58 PM

I basically kept the same strategy I always have(dollar cost averaging via weekly purchases) and increased my weekly IRA contribution starting about one year ago.

I put a lump sum down when the market hit 9K on the way down. The lump sum quickly dropped about 30% when the market fell to 6500 or so, but has since rallied and its up about 40% from where I bought it. I was lucky with that one as it was a big bet on a rally in financials, which we got.

I remember Buffet put down a huge bet on GS, which kind of instilled some confidence for me and many others. Pretty sure he also put a huge bet on a S&P rally via derivatives contracts too.

04-01-2010, 02:58 PM	#12
Back Beach Respect your elvers iTrader: (0) Join Date: Mar 2004 Location: franklin ma Posts: 3,368	I basically kept the same strategy I always have(dollar cost averaging via weekly purchases) and increased my weekly IRA contribution starting about one year ago. I put a lump sum down when the market hit 9K on the way down. The lump sum quickly dropped about 30% when the market fell to 6500 or so, but has since rallied and its up about 40% from where I bought it. I was lucky with that one as it was a big bet on a rally in financials, which we got. I remember Buffet put down a huge bet on GS, which kind of instilled some confidence for me and many others. Pretty sure he also put a huge bet on a S&P rally via derivatives contracts too.
	It's not the bait At the end of your line It's the fishing hole Where all the fish is blind