Quote:
Originally Posted by retiredguy123
Dollar cost averaging is a good strategy, but I think it works best when it is done for both buying and selling stocks. You buy stocks on a regular basis over a long period of time, the accumulation phase. Then, you hold the stocks for a long period of time. Then, you sell the stocks on a regular basis over a long period of time, the liquidation phase. Most people in retirement should be in the liquidation phase for their stocks.
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Interesting. In grad school spent a lot of time talking about dollar cost averaging but only on the buy side.
Why sell a fixed amount when you do not need the money on a fixed schedule, better to take out only when needed unless you are uncomfortable having too much money in equities and want to rebalance your portfolio.