Q: Hi,
Every month, I buy some VEQT as part of a dollar cost averaging strategy. It seems, however, that every month my purchase price is higher than the previous month. It keeps going up and up - and I'm getting leery.
I know you can't provide personal advice but, generally speaking, would you continue to proceed in this manner. Or are there other variations of dollar cost averaging in a rising market? Other strategies to consider?
Presumably, one could make a larger purchase up front. But when the funds come from my monthly salary, that's harder to do.
Thanks,
Robert
Every month, I buy some VEQT as part of a dollar cost averaging strategy. It seems, however, that every month my purchase price is higher than the previous month. It keeps going up and up - and I'm getting leery.
I know you can't provide personal advice but, generally speaking, would you continue to proceed in this manner. Or are there other variations of dollar cost averaging in a rising market? Other strategies to consider?
Presumably, one could make a larger purchase up front. But when the funds come from my monthly salary, that's harder to do.
Thanks,
Robert