Automate your investments from "summary" of The Bogleheads' Guide to Investing by Taylor Larimore,Mel Lindauer,Michael LeBoeuf
Automating your investments is a simple yet powerful concept that can have a significant impact on your financial future. By setting up automatic contributions to your investment accounts, you can ensure that you are consistently saving and investing for the long term without having to think about it. This approach eliminates the need to constantly monitor the market or try to time your investments, which can be stressful and often counterproductive. Instead, by automating your investments, you can take advantage of the power of dollar-cost averaging, which means you will be buying more shares when prices are low and fewer shares when prices are high. This can help smooth out the ups and downs of the market and reduce the risk of making emotional decisions based on short-term fluctuations. By automating your investments, you are essentially putting your financial future on autopilot, allowing...
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