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Dollar cost averaging (DCA) is a regular and disciplined investment program. Rather than trying to time the market, DCA enables you to invest a fixed dollar amount each month.
By investing a fixed dollar amount each month, market fluctuations can work in your favour, allowing you to buy more shares when prices are low and fewer shares when prices are high.
The benefits of DCA include the following:
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DCA does not assure a profit and does not protect against loss in declining markets. Such a plan involves continuous investment regardless of fluctuating price levels. You should consider your financial ability to continue purchases in periods of low price levels.