Re: how to buy ｅＭＡＸＩＳ Ｓｌｉｍ 先進国株式インデックス
Posted: Sat Jul 03, 2021 4:34 am
Yeah, time-in-the-market, apart from a very few specific points in history, beats timing-the-market.
The reason why dollar-cost averaging in the long run (if you already have the cash) is a bad strategy is that you're basically betting that the market is going to go down. For example, S&P500 has generally been 70% up and 30% down for the whole time. If you DCA, you're betting on the 30% chance. Smart money bets on the 70% chance.
Putting 100k every month from the paycheck is also exercising the time-in-the-market strategy; investing the extra money you have when you get it.
The reason why dollar-cost averaging in the long run (if you already have the cash) is a bad strategy is that you're basically betting that the market is going to go down. For example, S&P500 has generally been 70% up and 30% down for the whole time. If you DCA, you're betting on the 30% chance. Smart money bets on the 70% chance.
Putting 100k every month from the paycheck is also exercising the time-in-the-market strategy; investing the extra money you have when you get it.