Using This Strategy Takes All the Emotions Out of Investing -- and That's a Very Good Thing

If you've ever found yourself making emotionally driven decisions with your money, you're not alone. It naturally happens when dealing with money in general, but it's especially easy to do during times when the market is experiencing downturns, and you see your portfolio declining. This investing strategy can help remove those often counterproductive emotions from investing.

One way to become a better investor is by remaining consistent with your strategy. With dollar-cost averaging, you decide on a particular amount you want to invest, how often you want to invest it, and do it on a set schedule -- regardless of what's going on in the market and the price of the assets you're buying.

For example, if you get paid biweekly, you could decide you want to invest a certain percentage of your paycheck every two weeks. If you get paid monthly, you might choose to do it then.

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Source Fool.com