"Dollar-cost-averaging works great in an uptrend, but it can damage your account if used in a downtrend or bear market."
Huh? Why?
I mean, if you were psychic and could tell good and bad times to buy and sell, yes this would be good advice. But, for us non-psychics, why wouldn't dollar-cost averaging work on the way down? My understanding of the concept is, "You can't really predict a good or bad time to buy most of the time, so just keep buying and, in the end, it'll work itself out." Am I missing something here?
Yeah, this is not a good article.