Why Dollar Cost Averaging is a good investment strategy
Dollar-cost averaging is one of the best and easiest techniques to boost your returns without taking on extra risk but what is dollar-cost averaging?
Dollar-cost averaging is putting a fixed amount of money into an investment(s) regularly. Usually monthly (i.e. when you get paid) or sometimes bi-weekly or weekly.
By investing this way you are spreading out your buy points and avoiding timing the market. This obviously means that you’re not dumping a load of funds into a high point but spreading them nicely. A great way to make a…