3 Reasons Why People With Disposable Income Should Be Investing Monthly
Nationwide shutdowns because of COVID-19, coupled with a slower-than-expected reopening of the economy, have left the majority of Americans spending more time at home. This global pandemic has hurt so many people financially, but a number of fortunate workers have had no changes to their income. If you are one of the latter, you may have seen a decrease in your monthly expenses and an increase in your bank balance. Here are three reasons why you should invest that extra monthly money.
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Volatility in the stock market has created a unique investment opportunity to use a dollar-cost averaging strategy. With dollar-cost averaging, you budget a certain amount of money each week or month, then use that money to buy shares of stocks or funds. From one month to the next, you get different prices for the securities you buy -- some lower, some higher.
Source Fool.com
