Jun 27
Dollar Cost Averaging
With this unstable economy it is hard to predict and invest using the old “buy low, sell high” adage. In times like these it may just be wisest to invest in some dollar cost averaging to ensure a stable increase in value over your long term investment. Investing with IRA or employer-sponsored savings plan is not the way to quick riches but it can virtually guarantee a slow and steady growth of your money until it is time to retire and cash out those assets. Dollar cost averaging is based on continuous investment in securities even when prices are unstable.
