The way I described automatic investing was basically the same as saying “puppies are cute”. Nobody would ever disagree with it. Automatic investing sounds perfect, but what happens when the market goes down? It’s not as easy to go along for the ride then. For example, I know several people who had automatic investment plans and when the stock market incurred huge losses in late 2008, they immediately cancelled their investments and took their money out of the market. Big mistake. The test of a real automatic investor is not when things are going up, but when they are going down. For example,
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