Comments on: Is Dollar Cost Averaging useful for stocks?

By: Alvin Lim

Alvin Lim — Sun, 24 May 2009 09:08:38 +0000

@ ChampDog
Mmm, maybe you can give me some tips next time, under the table. LOL.

Just kidding. I hardly go Genting, not to say the casino

By: ChampDog

ChampDog — Sun, 24 May 2009 03:17:05 +0000

Hahaha… honestly I’m also using a similar technique in Genting. That’s why you can see there is a maximum limit that you can bet in each table.

I usually bet small, so no need such big amount of funds. I play roulette and the changes to win > 85% but I need 5 token to only win back 1 token. My own invented technique.

ChampDogs last blog post..Dollar Cost Averaging is Stupid?

By: Alvin Lim

Alvin Lim — Thu, 21 May 2009 00:53:05 +0000

@ ChampDog
Actually, it can apply to gambling too. If you go to a casino and play roulette or blackjack (only 1 game, same table), and if you lose, you can still win it back sometime later if you keep placing bigger n bigger bets. Yes, you will surely win it back but the question is – how long can you last? It might take you 2 days – 1 month. Can your $$$ last that long?

I think it applies to everything except that for investment, we can do our research prior to this DCA but for gambling, it’s all LUCK.

Anyway, this is just an example, don’t go Genting and gamble your money away because of this. LOL.

By: ChampDog

ChampDog — Wed, 20 May 2009 15:03:01 +0000

Yupe, hold it for long and only if it goes up in future. But, it is matter of whether you can hold for that long or not OR simply do you have enough money to hold for that long? I think it can applied to anything as long as it is an investment. ChampDogs last blog post..Dollar Cost Averaging is Stupid?