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The Scuppers This is a new forum for the not necessarily fishing related topics...

 
 
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Old 04-01-2010, 02:58 PM   #14
Back Beach
Respect your elvers
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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
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