each month, you're already following this strategy and benefiting from it.
"If you're enrolled in a 401 plan at work, don't stop contributing," Janet Alvarez, personal finance expert at Wise Bread and CNBC contributor, tellsIt's especially useful during a market downturn, because while an investor's reaction might be to stop investing until the market starts climbing again so you don't lose money, the better strategy is to buy at the lower price.
"I try to tell my clients to fund their Roth IRA accounts each month to take advantage of this time-tested strategy," Ryan J. Marshall, a New Jersey-based certified financial planner, tellsThis investing strategy also helps take emotion out of the equation, Marshall adds. "More specifically, it helps clients not see as sharp of a decline on their statements during periods of pullbacks because they are adding money each month," he says. "Most clients look at the bottom line on what the value was last month versus what is the value this month.", no matter what the market does. Let dollar-cost averaging do the rest.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: Reuters - 🏆 2. / 97 Lire la suite »
La source: CNBC - 🏆 12. / 72 Lire la suite »