In this financial meltdown one thing is clear: If you dollar cost average a down trend, you end up with very bad result. If you dollar cost average a sideways trend, you still end up with very bad result.
Below is one of the big blue chip, General Electric’s monthly chart:
GE is back to its 2003 lows when it started rallying. If you DCA and held till now you would have been suffering.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.