Successful use of dollar-cost averaging requires investor
A)discipline.
B)knowledge.
C)luck.
D)timing.

Question

Quizplus · Accepted Answer

Dollar-cost averaging requires the discipline to consistently invest a set amount of money at regular intervals, regardless of market fluctuations. While knowledge and timing can certainly be helpful, they are not as essential as the discipline to stick to the strategy. Luck is not a factor in dollar-cost averaging, as it is a deliberate and structured investment approach.

Successful Use of Dollar-Cost Averaging Requires Investor