@HowToBuildATent Cost Averaging works because markets recover Buy the same *value* at $10, $7, and $3 Recover to less than $6 to make a profit (40% under peak) eg $840 at each price: total 484 shares (84+120+280) & cost of $2520 at $6/share, portfolio value is $2904 – profit of nearly $400

Cost Averaging works because markets recover

Buy the same *value* at $10, $7, and $3
Recover to less than $6 to make a profit (40% under peak)

eg $840 at each price: total 484 shares (84+120+280) & cost of $2520

at $6/share, portfolio value is $2904 – profit of nearly $400

— Warren Myers ?? (@warrenmyers) March 11, 2020

from Twitter https://twitter.com/warrenmyers

March 11, 2020 at 04:30PM
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