|
|
Article: Dollar-cost averaging adds up.(Business)
- Article from:
- The Boston Herald
- Article date:
- January 20, 2002
- Author:
CopyrightCOPYRIGHT 2002 Boston Herald. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A very effective way to save for a future goal is by dollar-cost averaging.
Dollar-cost averaging is simply putting away a set amount of money on a regular basis. For example, arranging for a mutual fund company to take $50 from your checking account each month to add to a long-term savings account.
It's the easiest way to get ...