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5 min read    I     Date: 24 October 2023

The Magic of Dollar-Cost Averaging: Turn Small Contributions into Big Gains

 

Are you looking to start investing but need a fortune to spare? You're not alone. Many young adults face the challenge of building wealth on a limited budget. With Dollar-Cost Averaging (DCA), you can potentially turn small contributions into significant gains over time. 

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What is Dollar-Cost Averaging?

Dollar-Cost Averaging is a smart and disciplined investment strategy that allows you to invest a fixed amount of money at regular intervals, regardless of whether the market is up or down. Instead of trying to time the market, you invest consistently over time.

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What you should DCA?
  1. Reduce market anxiety and worry
  2. Allows you to get started with whatever amount you can afford
  3. Encourage discipline and regular investment
  4. Long-term strategy that helps you steadily build wealth over time

How to successfully implement DCA strategy?


Choose the right investment vehicle that aligns with your financial goals. Set a regular contribution schedule that suits your budget and automate your contributions to make the process hassle-free. Periodically review and adjust your strategy as your financial situation evolves.

 

What to do next?

By investing with Principal via Touch ‘n Go eWallet’s GOinvest, you can easily set up monthly Auto Cash In with a minimum contribution of RM500 per month. Choose from a selection of funds suitable for your risk profile. Explore more here: https://www.principal.com.my/en/invest-via-goinvest 

 

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