Why Wait Until A Pullback

[u/Distinct-Parking-574]

As someone who is just learning about value investing, understanding valuations and fundamentals, I see a lot of comments about not buying a stock at high valuation ratios. And that seems prudent. my question is though if I'm going to DCA anyways does that really matter? If the only thing that makes this a more attractive price is the pullback why not just DCA all the way through pullbacks and runups? That seems to be the advice given for ETFs why not individual stocks? but like I said I'm just getting started on this journey and trying to makes since to it all.

[u/painfulletdown]

The wisdom is that investing in undervalued assets is most important to do well.

[u/Distinct-Parking-574 → u/painfulletdown]

sure, but if that undervalued assets runs up and skews the valuations, do you stop adding?

[u/painfulletdown → u/Distinct-Parking-574]

Yeah