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.
Latest posts by Kyith (see all)
- Farewell Dad. I will miss you. - February 7, 2023
- Being Wealthy is a Feeling and Based Less on Math. But it Actually Means A Wealthy Person will have an Absurdly Low Safe Withdrawal Rate. - February 3, 2023
- Singapore Savings Bonds SSB March 2023 – Ten Year Yield Goes Up, One Year Goes Down (SBMAR23 GX23030A) - February 1, 2023