Take advantage of dollarcost averaging to mitigate market volatility from "summary" of Stock Investing For Dummies by Paul Mladjenovic
Dollar-cost averaging is a strategy that can help investors smooth out the ups and downs of the stock market. Instead of trying to time the market by investing a lump sum all at once, dollar-cost averaging involves investing a fixed amount of money at regular intervals, regardless of what the market is doing. By doing this, you end up buying more shares when prices are low and fewer shares when prices are high. This approach can help mitigate market volatility because it takes the emotion out of investing. When you invest a fixed amount regularly, you don't have to worry about trying to predict the market's movements or fretting over short-term fluctuations. Instead, you are focused on the long-term growth potential of your invest...
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