Successful dollar cost averaging depends on the investor's skill in timing the market.

Name: Successful dollar cost averaging depends on the investor's skill in timing the market.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Successful dollar cost averaging does not require timing the market. It involves investing a fixed amount of money at regular intervals, regardless of market fluctuations. This helps to reduce the impact of market volatility and can result in a lower average cost per share over time.

Successful Dollar Cost Averaging Depends on the Investor's Skill in Timing