Z06Biker wrote:What it does require, however, is an iron stomach, to continue to invest said fixed amount in the market even if it's taking a swan dive and the end is nowhere in sight...
That's the time to buy! When the market is falling like crazy it means stocks are cheap. Dollar cost averaging is great and all. But avoiding fees and expenses is extremely important.
Doctors, by the way, are notoriously bad investors.
A successful baby boomer investor, a doctor of the phd variety.