I’m 34 years old and only started investing a couple of months ago. I’ve recently increased my DCA (dollar-cost averaging) and plan to keep DCA’ing all the way down until the market recovers—hopefully within the next 3–5 years.
Yes, I have an emergency fund and yes, I’ve got dry powder on the side.
This might be a silly question, but since I got started a little late, is this an effective way to catch up? Maybe even go above and beyond?
From what I understand, downturns like this could be an extremely rare opportunity for newer investors like me to build wealth faster if we stay consistent. Am I thinking about this right? Would love to hear your thoughts or advice from those who’ve been through similar cycles.