Submitted by Picksologic t3_10o5sk8 in dataisbeautiful
tuctrohs t1_j6d4y65 wrote
Reply to comment by Picksologic in [OC] Comparison of Lump Sum vs. Dollar Cost Average investing in TSLA (Tesla) stock. by Picksologic
I seem to be having trouble communicating here. Absolutely, dollar cost averaging is the way to go. The other stuff I'm suggesting, I'm suggesting because it's worse, and if you want to show how good dollar cost averaging is, you need to compare it to something that is worse, but that somebody naive might do. I'm suggesting these for your plot, not for your investing strategy. For investing strategy, dollar cost averaging is the way to go, unless you are a genius or you have a better understanding of the particular market and company, then is available to expert investors.
Picksologic OP t1_j6d67aq wrote
Ok I gotcha. I'm a little slow on the uptake since I'm just getting into this. I'm now trying to figure out the best way to get the annual averages in my chart. Anyway, thanks for all the guidance.
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