Dollar-Cost Averaging: An Emotional Insurance Policy

Dollar-Cost Averaging: An Emotional Insurance Policy

It’s hard to imagine just sitting on a pile of cash that ought to be invested, but the situation comes up more often than you might think. And such a situation can be intimidating, as there are natural fears that arise from deciding to invest a large sum. To cope, individuals may turn to a strategy called dollar-cost averaging, which can make sense in specific situations but cause problems in others.

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