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Take advantage of dollarcost averaging from "summary" of A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition) by Burton G. Malkiel
One way to reduce the risk of making an ill-timed investment is to invest a fixed amount of money at regular intervals, regardless of the price of the investment. This strategy, known as dollar-cost averaging, can help smooth out the effects of market fluctuations on your overall investment. By investing a fixed amount of money at regular intervals, you automatically buy more shares when prices are low and fewer shares when prices are high. This can help lower your average cost per share over time, potentially increasing your overall return. Dollar-cost averaging takes the guesswork ...Similar Posts
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