We previously provided our thoughts on Bitcoin in 2017, but we’ve felt compelled to expand on those perspectives given the cryptocurrency’s recent buzz and eye-popping price appreciation.
In most situations, we discourage clients from Dollar-Cost Averaging (DCA; also referred to as “averaging in”) lump sums of excess cash that are available for long-term investing.
Nobody can predict the short-term direction of the stock market, and it is not something we would attempt. Still, we can be confident that the stock market will crash again at some point in the future.