Dollar Cost Averaging Helps Investors Manage Risk
People are always looking for the best time to buy when investing their money. Ultimately, no one wants to pay too much for an investment that they know will fluctuate in value from one day to the next.
It doesn’t matter how smart or experienced someone may be, no one can tell you with any degree of certainty where interest rates will be from one day to the next and, consequently, when the right time to buy a certain investment is going to be.
Ultimately, it is not the price of your investment that will determine how much money you will make — it’s how many units you own at the end of the day. The secret here is to acquire as many units as you can. Read More…