On: Coinbase stock lost over 75% value

[antoniuschan99]

Yea would like to know any cons in this strategy. I’m dca’ing a portion of my paycheck every month. In Canada we have tfsa’s which allow for a certain contribution per year that is tax free if you get gains.

For the last few months my monthly contribution gets swallowed up by the losses and the balance hasn’t moved lol

[riffraff → antoniuschan99]

There's a difference if you DCA a broad index and a single thing.

The broad index will, most likely, be positively skewed and still be around in 20 years. DCA makes a lot of sense.

The single stock may just go bankrupt, or become smaller and never recover (think Kodak or Nokia). DCA does not make as much sense.

[lotsofpulp → antoniuschan99]

Why would you want buy something at a higher price than a lower price? I only care about high prices when I am selling.