I just encountered this method which I might be using for the rest of my life. This method produces the best internal rate of returns as compared to more conventional methods such as dollar cost averaging.
However, I might tweak the strategy a bit. For instance, when the stock prices are below the 250 MA, I would increase my contribution rate from $500 to $600.
On a side note, I might want to be a teacher rather than going to the financial sector. I'm really confused now and I do hope that someone can shed some light on this matter.
Thursday, July 21, 2011
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