Why Dollar-Cost Averaging Beats Market Timing
“If only I had bought at the bottom.” It’s a thought nearly every investor has had at some point. The allure of perfect timing is powerful: buy low, sell high, and retire rich. The trouble is, nobody—not even seasoned professionals—consistently calls market tops and bottoms. What ordinary investors can do, however, is embrace a disciplined, proven strategy that turns the market’s swings into a friend rather than a foe. That strategy is dollar-cost averaging. ...