7 Comments
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Debbie D's avatar

I have a good plan and just keep investing every paycheck. Over time it has grown to a happy nest egg.

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Heather's avatar

Thank you, Daniel. The information you shared is a good reminder for us to remain calm and steady with our investments. As a general rule, I like to buy things when they're on sale, shares included. Load me up!

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Bo's avatar

Dave Ramsey says to keep investing no matter what the market does. Having no debt or loans except a mortgage and a fully funded emergency fund makes it much easier to handle whatever the market chooses to do.

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Cong's avatar

Hi Daniel, thanks for the write up, I am long term bullish.

How much cash would you recommend on hands in case market goes down further (end of the bear market rally)?

I meant additional funds beyond the 6 months emergency reserve.

Thanks.

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Daniel May, CFP®'s avatar

Thanks Cong! If you have additional cash on-hand, it can be worth deploying when the market is down. However, saving up cash specifically to use when the market is down can cross into timing the market. Generally, it is better to get your money to work as soon as possible.

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William's avatar

This article provides an insightful look into the blog. The author's ability to break down complex concepts into easily digestible information is commendable. I particularly appreciated the in-depth analysis on providing tips, which offered a fresh perspective I hadn't considered before. Much research went into this piece, making it both informative and engaging.

I look forward to reading more articles like this one. Great job!

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DW's avatar

The flipside is that it matters greatly how much you are DCA’ing relative to how big your portfolio already is. If you have a 7 figure portfolio and you are dca’ing a few k a month, that’s not really going to move the needle.

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