From reading about dollar cost average, I understand that it's a strategy where you periodically buy $X worth of a security
An example would be say buying $5k worth of Amazon, Amzn, every month
Today Amazon priced is $140 today. You buy $5k worth today. Let's say a miracle happens and Amazon rises to $200 next month
If you're following, D.C.A, does that mean you also buy $5k worth when it's at that price? To me it doesn't make sense to buy at a peak like that
Can someone give a beginner ELI5 explanation for this and what I'm not understanding about the concept?
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