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by scarmig
1514 days ago
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DCA should be thought of as a portfolio strategy that is X% in your nominal portfolio and 100-X% in dollars and gradually shifting to 100% your nominal portfolio. It's an attempt to hedge against negative equities early on, but there are better hedges, and if your risk aversion makes you not want 100% equities early on, you probably don't want 100% equities later on either. |
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