What would cause negative entries on your credit report? A number of things could cause negative entries, like bankruptcy, foreclosure, late payments, liens, judgements, etc. Typically these entries can stay on your credit report for 7 years, but bankruptcy and foreclosure stay on your credit report for 10 years. There rumors where a foreclosure or bankruptcy will not be removed from your credit report. While positive entries on your credit report are entered when you pay your bills on time.

You can request a free copy of your credit report if you have met one of following: * If you have been denied credit or benefits within past 60 days * If you are on public assistance * If you are unemployed or have been denied employment * If you believe you are a victim of fraud

Now you understand basics to your credit. I suggest that everyone reading this article, request a copy of their credit report and reveiw information to make sure that information in credit report is correct. A few sites to review for credit report information: * http://www.myfico.com * http://www.freecreditreport.com

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The reader cites Warren Buffett's success. Sure, he is legendary, but remember that he made most of his fortune during one of greatest bull markets. He is probably now considered beyond good and evil. But what about numerous stories in press over past 3 years of heavy losses he sustained in Coca Cola and other stocks, by stubbornly holding on to this positions. When you have enough money invested in a wide range of holdings, you become almost bullet proof. Do you fit in that category?

Furthermore, Buffet has resources available that investing public simply does not have. Saying that he is successful only because of his buy and hold approach, and everyone following this technique will be too, is an oversimplification and does not factor in all issues.

How many non-millionaires have enough spare capital to keep buying and holding and buying some more while stocks plummet? How long can they wait for upswing when their cost-averaged holdings will start to show a profit? Do math! Yes, market will eventually turn up. But will it recover enough fast enough to reverse your losses in time to do you any real good? If you're 20, then maybe. If you're 60, who knows?

I have received countless e-mails and phone calls from individuals who have been led astray by brokers, financial planners and others using buy-and-hold and dollar cost averaging. Stories abound of retirees having to go back to work just because someone told them that "the market can't go any lower" or "let's dollar cost average."

As for his last point, when I gave signal to cash out on October 13, 2000, it had nothing to do with either luck or intuition. I had no clue how good of a call that would be; I simply let my indicators be my guide. They pointed to a sell, we considered, and then followed through based on our experience. We held true to our philosophy and kept our emotions, speculations, fears or greed out of equation. This disciplined approach is what I advocate.

This year it has led us to buy back into market on 4/29/03. And my detailed analysis and evaluation of a range of funds led us to select some of best; my top fund being up some 50%.

So, not to be cynical, but to me dollar cost averaging is just a way to spread pain over a longer period of time and to cloud obvious with hope market will turn around tomorrow. After all, it can't go any lower. Can it?