I have heard from many people to buy excellent stocks gradually, however one question bugs me a lot -
If the price of the share keeps increasing and we keep on buying it, won’t the average share price increase?
So won’t the profits decrease?
I’m asking for a long-term perspective.
I have reliance share @900 rs but seeing the current price and in the future, it seems that it won’t come back to the 900 levels.
What should I do? I want to accumulate more shares but buying at higher prices will make avg share price go up.
Please help me with this dilemma.