What is Dollar Cost Averaging ?
In this video we discover the magic of Dollar Cost Averaging in a down market when investing in good solid companies and crypto projects.
Perhaps the easiest investing strategy to employ and one that will lower your risk, dollar cost averaging is a great method for everyday investors.
Is dollar cost averaging better than lump sum investing? Use this strategy to ensure you're not sitting on the sidelines when others are making their fortune and you're not losing your hat when the market crashes.
Some of the Key takeaways are below.
1) Decide on the investment amount you want to invest.
2) Find good quality companies you want to invest into.
3) Decide on the timeframe you want to invest over.
4) Split your funds into equal amounts according to your timeframe.
5) Set it up to purchase automatically so you don't have to get emotionally involved.
6) Sit back and wait for the market to play out and collect your profit in the mid to longer term.
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DISCLAIMER: Nothing published on my channel should be considered personal investment advice. Although I do discuss various types of investments and strategies, I am not a licensed professional. Please invest responsibly.