Read the advice from any of the legendary investment gurus like, Lynch, Gabelli and Buffett and undoubtedly you will hear some variation on that familiar theme known as: Dollar Cost Averaging.
"Regularly investing an equal monetary amount, periodically, over an extended time-frame," is how most define this age-old strategy. In short, patience is a virtue and the tortoise beats the hare, 6 out of 7 days a week. Hmmmmmm.
Feeling somewhat skeptical, I decided to give this theory a test drive, so in Jan of 2010, I officially launched,
"The DeLgreco Fund".
Here's how it worked:
Every time I witnessed that fine, family name,
DelGrego (or
Del Grego) spelled incorrectly (OK, butchered) in an email, magazine, book, Internet post, gun classified, press release or auction description, I tossed 5 cents in a jar.
Well "hinge-pins", I'm happy to report that after only three short years, I had enough "coin" put away to 1) buy this wispy, little pawn-shop Fox......
2) renew my membership in,
The Second Finest Gun Collecting Club in the World (wink-wink)
AND 3) please don't tell the IRS, but I still have enough left over to embark on my next ambitious project.............
The Kautski ETF !!!!
Hey....don't get me wrong, I can mispell, misspel and mis-spell with the
best of 'em, but what the hell is it with this name, that even experienced Parker folk often disembowel it??? I mean c'mon, it ain't exactly, "conscientious", "medieval", "accommodate" , "inoculate"
or "drunkenness". Perhaps, just
unconsious drunkiness????
Goodnight Gracie.
