Market down 13%

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The problem with this is that you dont know if it will drop another 15%. What if it just bounces and takes off (not going to happen but providing you with an analogy)? The best thing to do would be to dollar-cost average. Im going to add in intervals until my cash is fully invested, since theres no real way to time the bottom.
Dollar cost averaging has been proven to be ineffective.
 
The problem with this is that you dont know if it will drop another 15%. What if it just bounces and takes off (not going to happen but providing you with an analogy)? The best thing to do would be to dollar-cost average. Im going to add in intervals until my cash is fully invested, since theres no real way to time the bottom.

When are you starting? The end of the week?
 
Dollar cost averaging has been proven to be ineffective.
Not correct

Ineffective is the wrong description. It is usually less beneficial than lump sump investing. The benefit of DCA is that it is psychologically easier, thus more likely to be adhered to.
Likely true.
It also makes more sense to DCA since I can continue to invest money as I earn it rather than collecting a lump sum and waiting for a bear market or correction.
 
I'm hoping for a further 30-40% drop but kinda doubt we will be that lucky.

I think you nearly got your wish. Except the dow is heading somewhere in the 15-18k range. If i can even get somewhere close to the bottom I am going all in and can retire in 5 years instead of 10.
 
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