Make use of dollarcost averaging from "summary" of Investing for Dummies by Eric Kevin Tyson
Dollar-cost averaging is a simple and effective strategy that can help you take advantage of market fluctuations without having to obsess over timing the market. The idea behind dollar-cost averaging is to invest a fixed amount of money at regular intervals, regardless of how the market is performing. By doing this, you end up buying more shares when prices are low and fewer shares when prices are high. This strategy helps to smooth out the volatility of the market and reduce the risk of making poor investment decisions based on short-term fluctuations. One of the key benefits of dollar-cost averaging is that it takes the emotion out of investing. Instead of trying to predict ...
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