The Importance of Dollar Cost Averaging
Professional The Importance of Dollar Wealth Strateģies Cost Averaging Retirement, Estate And Legacy Planning By investing money each pay period, you are taking advantage of another important investment concept, dollar cost averaging. Dollar cost averaging means investing the same amount of money in the same investment at regular intervals. While it cannot guarantee a profit nor prevent a loss, this approach allows you to buy more shares when share prices are low, and fewer shares when share prices are high. The result is that the average amount you pay for each share – your average cost per share – will be lower than the average price per share. 3 For the strategy to be effective, you must continue to purchase shares in both up and down markets. As such, you need to consider your financial ability to continuously invest through periods of low and high price levels. Professional Wealth Strategies, 3573 East Sunrise Drive, Suite 119, Tucson, Arizona 85718, (520) 529-3644. Securities and Advisory Services offered through Commonwealth Financial Network, www.FINRA.org/www.SIPC.org, a Registered Investment Adviser. This communication is strictly intended for individuals residing in the states of AZ,CA,CT,HI,MI,OH,OR,TX,UT,VA, WA. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services.
The Importance of Dollar Cost Averaging
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