Post
Topic
Board Speculation
Re: Road to 100k?
by
EarnOnVictor
on 21/08/2024, 10:29:57 UTC
Some people feels DCA is met for those who are not rich but that's not true
This will be a misconception if anyone thinks like that, DCA is an investment plan, one that is widely viewed as safer. This means that it can work for both small and big investments, it now depends on the asset we are talking about, if the investor could be sure about this asset like Bitcoin, I am sure that it will be fine. Still, I love it if the investor is reasonable about it. Believing you are using the DCA approach and still buying Bitcoin at the peak, it will not save you. Many foolishly believe that if it's Bitcoin, it's a certain profit but I do not view it like that. We should always consider all conditions and let the safety of our money be the highest priority.

Quote
just like lump sum strategy are best for those who got an inheritance from there father, mother, or anyone at all or someone who had the opportunity of having a huge amount of money, DCA are met for those who receives there money week, monthly or yearly is for those who chose to accumulate with time.
Inherited fortune is a different ballgame, anyone can treat it as they like. As for the DCA, it is an investment plan, not a measure of how we receive money. It doesn't need you to be a period earner before enjoying it. You may have a huge amount already but plan it periodically through DCA.