*Source: Vanguard, Cost averaging: Invest now or temporarily hold your cash? (Finlay & Zorn, 2023).
All investing is subject to risk, including the possible loss of the money you invest.
Dollar-cost averaging does not guarantee that your investments will make a profit, nor does it protect you against losses when stock or bond prices are falling. You should consider whether you would be willing to continue investing during a long downturn in the market, because dollar-cost averaging involves making continuous investments regardless of fluctuating price levels.
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