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The DCA Myth: The Trap of Buy-Only Investing

by Ruixue Lei
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Current price ₹2,506.00
Original price ₹2,905.00
Original price ₹2,905.00
Original price ₹2,905.00
(-14%)
₹2,506.00
Current price ₹2,506.00

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Book cover type: Paperback
  • ISBN13: 9798252096544
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Publication Date:
  • Pages: 176
  • Original Price: GBP 22.34
  • Language: English
  • Edition: N/A
  • Item Weight: 245 grams
  • BISAC Subject(s): Investments & Securities / Portfolio Management

Dollar-Cost Averaging (DCA) is widely promoted as a safe and simple investment strategy. Investors are told to buy regularly, ignore market fluctuations, and hold for decades.

But there is a fundamental problem.

Traditional DCA only explains when to buy. It never explains when to sell.

If a strategy discusses buying but never discusses selling, it is not an investment strategy - it is merely a capital allocation tool.

In this book, Ruixue Lei examines the structural weaknesses of traditional DCA and explains why the "buy-only" philosophy often fails in real financial lives. Investors face unpredictable events, changing market regimes, and volatile economic cycles that make the assumed 30-year investment horizon unrealistic.

The book introduces the concept of **Cycle DCA**, a framework that completes the investment cycle by incorporating both entry and exit rules, while maintaining the discipline and simplicity of regular investing.

Through conceptual analysis, historical examples, and multi-market backtesting, the book explores:

- Why volatility drag quietly reduces long-term returns
- The hidden assumptions behind traditional DCA strategies
- How market cycles affect long-term investors
- Why selling rules are essential for risk management
- How a cash pool can improve capital flexibility
- How Cycle DCA performs across major global markets

Rather than presenting a rigid trading system, this book offers a new way to think about systematic investing.

It is written for investors who want to understand the structure of long-term investing - and why the most popular advice may be incomplete.

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This book is for educational purposes only and does not constitute investment advice.

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