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September 30th, 2011 | The New York TImes

Challenging Dollar-Cost Averaging and Other Bad Ideas

SINCE mid-August, world markets have repeatedly moved with stomach-churning ups and downs. And in response, many investors feel they must take some action for fear that doing nothing will cost more than doing something.

The sheer magnitude of the world’s problems — high unemployment and legislative gridlock in the United States, debt problems in Europe, signs of a slowdown in China — makes this a scary time for investors.

But what about the urge to take some sort of action? As I have written before, the better strategy is almost always to focus on a long-term plan and not abandon it the moment it gets tested. After the last three years, this is tougher to do than ever.

 Click here to download a PDF of the full article

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