So Much for dollar cost averaging
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.
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