So I know about dollar cost averaging and it’s kind of unavoidable. But instead of doing that, why don’t you just get maybe 25 stocks and some ETFs. Then instead of just putting in no matter the price, you only put in at good buy prices.
My logic is that with that many stocks there is always going to be some around good buy prices. So you invest in those ones. I guess you can dollar cost average the ETFs and some specific stocks like google and Amazon etc. But the rest, can’t I just invest like that?
You obviously need to figure out good prices however. Some stocks may not enter those price ranges for a long time. I might sit on cash too long or over expose myself to a stock I thought was cheap but actually wasn’t.
Anyway, hopefully someone understands what I mean. Anyone do this or is there a name for it?
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