Utilize dollarcost averaging for consistent investing from "summary" of Investing for Dummies by Eric Kevin Tyson
Dollar-cost averaging is a simple yet powerful strategy that can help you invest consistently over time. Instead of trying to time the market or make big bets on individual stocks, dollar-cost averaging involves investing a fixed amount of money at regular intervals, regardless of market conditions. This approach can help smooth out the ups and downs of the market and reduce the impact of short-term fluctuations on your investment returns. By investing a fixed amount of money at regular intervals, you can take advantage of the natural ebb and flow of the market. When prices are low, your fixed investment will buy more shares, and when prices are high, it will buy fewer shares. Over time, this can help lower the average cost of your investments and reduce the risk of buying at the wron...
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