It is like a financial drinking game.
Any day the DOW is down more than 100 points by 2:50 pm I manually add $100 or $150 to a mutual fund(besides the auto invest for the ROTH) to buy shares based on that day's clothing price.
I look up which sector is falling and try to put it there. Like if commodity prices are down, I'll put that $100 into the fund that is heavily invested in commodities. (those will go back up eventually)
So by the end of the day it makes me feel a tiny bit better that I bought more shares with the money and I dollar cost average.
The mutual funds that I funded in this manner are right now up 20% above what I invested. The funds where I put in lump sum are, naturally, down.
This approach also keeps me from getting caught up in mass elation when things are going well.
The 100 points game
September 1st, 2009 at 08:53 pm
September 1st, 2009 at 09:28 pm 1251836919