I'm starting to prepare a stategy of entering the market for a longer term then 12-13 days for the coming month.
I'd say that's an excellent plan my dear friend and brother. 2 IFTs a month can not fit well with realistic goals - so longer term planning has to dominate our thinking.
I'm feeling kinda good about the Bullish outlook and hope to find an acceptable entry point early in the month as I expect some trouble from Gustav.
It's unfortunate we're moving up as fast as we're going ALREADY. I wouldn't doubt that the Convention has sparked upbeat sentiment along with gas for roughly $3 dollars. So whether it's Gustav or simply a "needed settling" - I think you can count on a lower entry.
September's goal has been raised from 1% all the way up to 3%. Should the market turn down after my intial investment, I'll have some money on the sidelines to buy more shares when the drop subsides.
That reminds me of the way I did it in the past. I called it "the double shotgun". I'd pull one trigger and 50 - 60% went straight in. Then wait awhile and if it dropped pull the other trigger.
Heck, I might even buy more on the way up. We'll just have to wait and see. No (F) Fund and No (I) Fund !
I'm impressed. I really am
I'm feeling the (C) and the (S) have a better shot at meeting the goals I've set forth.
On top of that it's patriotic. You're in essense saying I believe despite all the hard times and the bad news - you've got the backbone to hold up and make a stand.
Positive sentiment is long overdue - and when you really believe in the strength of the machinery which the economy is based on; it's way easier to ignore the down days.
With that said, this is quite different then what I'm use to doing. This doesn't mean I've changed my entire philosophy to Buy & Hold, more like Buy, Buy and Bail. :nuts: