Another good short bit from Charlie B.
https://bilello.blog/2024/the-week-in-charts-4-1-24
The Power of Dollar-Cost Averaging
If you were the world’s worst market timer and bought the S&P 500 at the peak in March 2000 and held until today, you would be up 438%. That’s a 7.3% annualized return.
But most people don’t invest in a lump sum and instead add money over time. If you were in this group and added money to the S&P 500 each year, your annualized return since March 2000 moves up to 10.7%. That’s the power of dollar-cost averaging in a declining market (see video discussion here).
Drewski - Got to agree. As you all know I am not a fan of Oil and Gas for long term buy and hold, but given current cash flow, high dividends, special payouts and the low cost of the shares, pretty hard not to be holding some oil and gas, at least for the next while.
The other sector that has been beat down a lot is Telecom. Telus, and BCE are way off their previous prices, high dividend, which even if they were cut would still be pretty good. Guy doesn't want to jump with both feet because they still seem to be headed down, but legging in a little every month or two is what I have been doing.