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Author: ORWAHOO Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121565  
Subject: johnjay's DCA view Date: 5/29/1997 8:05 PM
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>>I don't know about you, but, if it were my nest egg, I, too, might want to hold off committing all my investable resources at once, particularly at a moment when most measures of stock valuation indicate stocks have become very expensive by historical standards. One can cite all the historical statistics showing the market goes up 75% of the time and that no one can predict where the market is going, etc. But, when a market has risen this far and this long, longer than any bull market in history, I do not think it unreasonable for a new investor to want to 'dip a toe in the water' gradually, rather than plunging in all at once. He or she has plenty of company in the present market, and I don't think it is only among the Wise.
>>

Agreed. Personally, I've been fully invested in stocks for some time now and don't plan on changing that. But, it just makes sense when dealing with this particular market, that one must approach it cautiously.
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