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PREVIOUS:Notwithstanding the state of the market, this strategy entails investing a predetermined sum of money on a regular basis. By doing this, investors can purchase more shares during periods of low price volatility and fewer shares during periods of high price volatility, thereby reducing the average cost per share over time. Better long-term returns may result from this strategy, which also lessens the effects of market volatility.NEXT:Aligning your investments with your risk tolerance & establishing specific investment goals are crucial components of risk management. Users can evaluate their risk tolerance and select investments that meet their financial objectives with the aid of the app's tools and resources. You can steer clear of making snap decisions based on changes in the market by establishing clear objectives and maintaining discipline in your investing strategy. Keeping up with your investments & keeping a regular eye on their performance are crucial, in addition to diversification and goal-setting.
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