Keyword: Dollar-Cost Averaging

Is a technique for acquiring a stock position in a company by committing to buy a fixed dollar amount of a stock on a regular schedule for a fixed time period regardless of the share price at the time of each purchase. By determining the fixed dollar amount to invest, you end up buying more shares when the price is low and fewer shares when the price is high. As a result, dollar-cost averaging can lower the average adjusted cost base per share of that investment, giving you a lower over-all cost for the shares purchased over time. The technique is sometimes known as unit-cost averaging and, not surprisingly, in the UK as pound-cost averaging.

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Don’t time the market

“I can’t recall ever once having seen the name of a market timer on Forbes’ annual list of the richest people in the world.” Peter Lynch.
What is the right price   Read More

Where to put new money now

Continue to pursue a dollar-cost averaging program, emphasizing conservative, diversified, large-cap funds. Emerging markets hold appeal for aggressive investors.

OUR CURRENT THINKING: Notwithstanding the possibility of a sharp market correction   Read More