Portfolios grow in two ways: by their rate of return, and by the money you add to them. Put money into your portfolio on a regular basis and you can realize additional benefits that can help you achieve your goals. By investing regularly, you can:
- Pay yourself first by investing a set amount every month or week, for example. This is a proven technique for adding discipline to your savings routine and will help you stay on track to reach your goals.
- Automatically build your portfolio without getting distracted by what's happening in the markets and other events. When markets are uncertain, you are able to stay the course and stick with your plan.
- Invest regularly by taking advantage of dollar cost averaging, a strategy where you purchase more units when prices are low and fewer when prices are high. Over the long-term, this can lower the overall cost of building your portfolio.
0 comments:
Post a Comment