Originally Posted by
homie1975
not if that investor dollar cost averaged during that decade.
and it actually took more like 15 years.
QQQ was $110 in mid March 2000
after the dot.com burst, it did not come back to $110 until May 2015
however, you are making two BIG assumptions.
1) the investor did NOT buy QQQ prior to the high point of March 2000 (height of dot.com era)
2) the investor did NOT buy QQQ After the high point of March 2000
you are assuming a buy right at the high point.
I bought BTC for my first buy ever this past Jan at $42K
I have been buying ever since, and increasing the dollar amounts as it has gotten lower.
my cost today is $22K
DOLLAR COST AVERAGING. not buy and hold. DCA
it takes a lot of discipline and a lot of cash. i am fortunate on both fronts but i have saving for these moments for years, driving two reliable japanese cars while a bunch of show-offs around me are driving Teslas.
guess which one has the money as we speak, to Dollar Cost Average ?