Benefits of Dollar Cost Averaging
- Increasing your investment systematically over time
- No need to ‘time the market’
- Applying an autopilot method to your portfolio
- Long term investing made easy
Procedure
- So much time is wasted by investors constantly thinking about the best time to invest. Then when you do invest you worry that the dip you bought will decimate your investment.
- Nobody, that’s right NOBODY knows the bottom of the market. Similar to how nobody knows whether next year’s rainfall will be better than this year.
Want to learn more about dollar cost averaging, check out the below books;
John C. Bogle truly is the definition of a man that plants a tree for all people to benefit from the shade in future. His book ‘The Little Book of Common Sense Investing’ clearly outlines the guidelines of dollar-cost averaging over and over again.
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