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Author: RGEYER Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 15  
Subject: Averaging Down Date: 8/30/1998 12:56 AM
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It's tougher to dollar cost average in closed end funds than open end (due to commissions), but I like
to average down at times like this when folks are in total panic mode.
Unless I'm missing something EMF is at about a
9 year low. I'm finding it tasty in the 9's and
salivating at the chance for the 5's or even 3's!
Since John Templeton is a shrewd, seasoned guy who likes to buy and hold good companies for the long term (his words from a recent interview) this SEEMS like a pretty safe LONG TERM thing to do, to my way of thinking.
If one spends about the same amount each purchase as the price gets cheap - thats lots of shares bought near the bottom. Since this is a diversified fund, I can't see it going to zero.
Anything wrong in my thinking? Thanks
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