In this morning’s column, I linked to one of my previous articles that discussed public workers in Galveston, Texas and their version of Social Security. But if you want to get another perspective on the matter, I just came across this story on the New York Times’ website.
Nilus
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{ 2 comments… read them below or add one }
Hi Nilus:
This is in regard to dollar cost averaging: if you do this you pay every time you make a purchase. That has to be factored into the gains/losses at the end. Something not mentioned in your article.
I use dollar cost averaging with my gasoline purchases. I wait until the tank is half full, then fill up. That way I am averaging out high and low costs and don’t get stuck filling up the entire tank when prices are high.
Thanks for all of your great advice!
Sharleen
Nilus Mattive Reply:
October 19th, 2011 at 11:38 AM
You’re right, Sharleen. Dollar cost averaging can entail some frictional costs … however, deep-discount brokerages have made those a lot less damaging than they were in the past. In addition, many mutual funds will allow you to put set amounts of money in without paying commissions at all. Keep in mind that regularly purchasing through a 401(k) plan is also a commission-free way to dollar cost average …
Does Inner Circle include your and Tom’s offer “government bailout contracts” ?