Dollar Cost Averaging is when you buy a stock at different times (monthly) to average a better price rather than trying to “time” the market.
Experts with more experience than us have a hard time picking the low; so our best bet is to DCA.
When you buy every month–regardless of price–to get an average (DCA), you’re helping to prevent your losses and you’re building a habit of consistent investment.
People with a wealth of understanding about market investments know that it’s important to dollar cost average.