Getting Started in Mutual Funds by Alvin D. Hall

Author:Alvin D. Hall
Language: eng
Format: epub
ISBN: 9780470921548
Publisher: Wiley
Published: 2010-11-09T00:00:00+00:00

Dollar-Cost Averaging

By setting up an automatic investment plan and sticking to it over the long term, you can potentially benefit from one of the much-touted advantages of this disciplined investment approach. This is called dollar-cost averaging. To achieve its benefit, you must invest the same amount of money in a mutual fund at regular intervals, typically biweekly or monthly. You buy shares without considering the fund’s offering price on the date of each purchase. The regularity of your periodic investments and the consistency of the amount you invest are essential contributors to the long-term result.

dollar-cost averaging

investing the same dollar amount in a mutual fund at regular intervals without regard for the fund’s price fluctuations.

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