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I finally figured out the best way to 'dollar cost average' into PM's.

1630Boston1630Boston Posts: 13,787 ✭✭✭✭✭
edited May 15, 2018 4:05PM in Precious Metals

I finally figured out the best way to 'dollar cost average' into PM's. :smile:

When I have a set amount of dollars to invest, I spend half of it on a fixed number of ounces of PM's.
Then I wait 24 hours and buy the other half after the price drops [which it always does] :smile:
Then I have the same number of ounces and a 'little' cash left over.

Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

Bad transactions with : nobody to date

Comments

  • BochimanBochiman Posts: 25,409 ✭✭✭✭✭

    I'm right with ya, brother, right with ya

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I find it spooky how the price seems to drop AFTER I buy...... Cheers, RickO

  • PerryHallPerryHall Posts: 46,238 ✭✭✭✭✭

    @ricko said:
    I find it spooky how the price seems to drop AFTER I buy...... Cheers, RickO

    .....and rises after I sell. :D

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • MilesWaitsMilesWaits Posts: 5,372 ✭✭✭✭✭

    Excellent plan! Might I add hedging with a bit of "difficult to unload" Palladium?

    Now riding the swell in PM's and surf.
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