Market Timing vs. Dollar Cost Averaging
Saving for retirement is a long-term proposition. It is normal for the stock market to fluctuate up and down in the short term. Historically, the impact of short-term volatility is reduced for the long-term investor.
An effective strategy for the long-term investor is dollar-cost averaging. Dollar-cost averaging is investing a set amount of money at regular intervals. The amount invested remains the same whether the market is up or down. More shares are purchased when the market is down, and vice versa, fewer shares are purchased when the market is up. The key is investing on a regular basis, regardless of the market trend.
Successful investing is a journey, not a short trip. We have real financial strategies to keep you on course.
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