THE SIMPLE STRATEGY THAT REMOVES EMOTION AND TIMING FROM INVESTING.
DOLLAR-COST AVERAGING MEANS INVESTING THE SAME AMOUNT OF MONEY AT REGULAR INTERVALS, REGARDLESS OF MARKET CONDITIONS.
instead of trying to time the market, you invest a fixed amount every month (or week, or quarter). when prices are high, you buy fewer shares. when prices are low, you buy more shares.
over time, this averages out your purchase price and reduces the impact of market volatility.
let's say you invest $500 every month in an index fund:
dollar-cost averaging works best for long-term investing (5+ years) in diversified investments like index funds. it's perfect for retirement accounts like 401(k)s and iras.
it's less effective for short-term goals or when you have a large lump sum to invest (in that case, investing it all at once often performs better historically).
set up automatic investing in your brokerage account. even $50-100 per month can grow significantly over time thanks to compound interest.