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The art of dollar cost averaging: a steady route to growing wealth

The Art of Dollar-Cost Averaging: A Steady Route to Growing Wealth

Essential Insights Dollar-cost averaging (DCA) revolves around purchasing investments at consistent intervals, say monthly, smoothing out market timing uncertainties. If you’re funneling money into a 401(k), you’re already harnessing DCA without even realizing it. This tactic easily extends to brokerage accounts, IRAs, and other types of investment vehicles. You can either take the reins yourself…