Thread: Economics Investments & Personal Finance
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Old 01-25-2013, 09:06 AM   #25
Amnorix Amnorix is offline
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Quote:
Originally Posted by La literatura View Post
About this (famous) token advice, how contradictory is it to the principle of "dollar cost averaging?" Are these two separate strains of financial advice, or are they compatible?

You can mix and match as you like. You can dollar cost average most of your investments and "play around" with a percentage of them, whether by trying to time the market, or doing individual investments, etc.

Buffet's advice is really a caution against the herd mentality that so many succumb to. He can time the market if he likes, I'm not going to bother to try. I have a full-time job, and it's not investing.
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