He is a long-term investor, and with a lot of money.
-moneygrubber(股东);
2008-10-8(#51696@43)
no matter big or small, I do think his approach is useful. Frankly, in long run, day trade may not earn more money as he does.
-qkang98(john);
2008-10-8(#51699@43)
He himself admitted that he did this when Nasdaq went down 80% and he bought 8 times. We donot have that much of money. And if he bought NT, (very likely) or similar stocks, then he would be still underwater.
-moneygrubber(股东);
2008-10-8(#51710@43)
If I am small investor, I wait for 30% drop to start to buy the index with 25% money, every 10% drop, another 25%. 4 times total. I can also use pyramid model. Again, I think we can use his approach. However,
-qkang98(john);
2008-10-8{48}(#51716@43)
I am not talking about 10 years. Let's say 1 year. I think the current price will be quite cheap compare to 1 year later.
-qkang98(john);
2008-10-8(#51704@43)