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Dollar-Cost Averaging is the way to go. It doesn't matter whether the stock market is up or down.
by sentientslug 4y ago
Dollar-Cost Averaging is the way to go. It doesn't matter whether the stock market is up or down.
- vasco 4y agoUntil it drops enough that the DCA crowd gets scared. People have been told by reddit that there's an easy way to riches, by just blindly DCAing every month, and most people have blindly accepted this gospel. It just has to go low enough for the spell to break. It's as if not everyone can be rich with this one simple trick of dumping your hard earned cash into buying whatever Blackrock is dumping on you every month till eternity.
- djbusby 4y agoDCA into Vanguard may be ok. Things are on sale now, if you believe in USA over next 20 years.
- cheriot 4y agoI'd wager anyone doing that for 30 years will do quite well. It's when people get impatient and take crazy risks that they get in trouble. > buying whatever Blackrock is dumping The amount of money it would take to move the price of the S&P 500 is incredible.
- jsemrau 4y agoUsually a great strategy. However, 2020-2021 were an artificially created equity bubble. I don't think we will see this coming back anytime soon. https://i.imgur.com/MsIGcSo.png https://i.imgur.com/MsIGcSo.png
- sosborn 4y agoEveryone said the same thing in 2008.
- 8n4vidtmkvmk 4y agoi really hope this is true because im holding
- jsemrau 4y agoYou are right no one knowns anything in trading.
- sangnoir 4y ago...until you're laid off at the bottom of the market (or nearer to the bottom that all the times tou were averaging)