of how it works from the Financial Industry Regulatory Authority: Let's say you've saved $10,000 or received a $10,000 bonus. With dollar-cost averaging, you'd invest that money over time instead of doing it all at once as a $10,000 lump sum.Among the primary benefits of dollar-cost averaging: It strips the emotion out of investing.
"Doing a little bit over time will average out the good days and bad days [in the market] and make it a more palatable experience for you," said Sean Deviney, a certified financial planner based in Fort Lauderdale, Florida.for investors. For example, the fear of losing money can trigger harmful behavior like trying to time the market, akin to guessing the best time to buy and sell.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Slate - 🏆 716. / 51 Read more »