Dollar Cost Averaging is a technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. More shares are purchased when prices are low, and fewer shares are bought when prices are high. Eventually, the average cost per share of the security will become smaller and smaller. Dollar-cost averaging lessens the risk of investing a large amount in a single investment at the wrong time.
For more investments tips contact Arcon Concepcion, Financial Advisor at (641) 257-1248.
Securities provided through Broker Dealer Financial Services Corp., Member FINRA/SIPC. Broker Dealer Financial Services Corp. is not a bank and securities offered by it are not bank deposits or obligations of or guaranteed by any bank, nor are they insured by the Federal Deposit Insurance Corporation (FDIC). In addition, the purchase of such securities involves investment risks, including possible loss of principal.
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