ZIM - to DCA or not?
Help!!! I bought ZIM at $21.77. It is now $17.14. Should I DCA?
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I am a 50 year old who is late to retirement planning and desperately trying to build my retirement nest egg.
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SpyderCall : I would wait.
Noob Investor OP SpyderCall : Thanks. Appreciate the input.
SpyderCall Noob Investor OP : For sure. also take note that the shipping industry has been going through some oranges lately due to the Russian war. There should be some winners and losers in this space after the dust settles. Hopefully ZIM will be one of the winners
iamiam : I hate to disagree with SPY he knows his stuff, but I think ZIM is bottoming, and with a recovery and china opening ZIM is prime to be a monster again, I would buy dips here and wait for summer
Noob Investor OP iamiam : Thanks. Another input for my consideration. Yes, I kind of sensed that ZIM has bottomed, hence my thinking to DCA.
SpyderCall iamiam : that divergence does look appealing.
Noob Investor OP : ZIM popped recently. Hope it continues. GXFC!
Yippee Noob Investor OP : I am new .What is DCA stand for?
Noob Investor OP : DCA = dollar cost averaging