Submitted by lost_girl_2019 t3_zzkmvy in personalfinance
tsnara t1_j2dof55 wrote
Reply to comment by lost_girl_2019 in $50 isn't much, but I want to start somewhere. by lost_girl_2019
Don’t try to time the market. Just buy when you have your $50 available.
Some times you get a “good” price per share with that $50, others not so good. Good price means your $50 will buy more shares compared to a bad price.
But either a good or bad price on each $50 purchase you make will result in more or less the same outcome - you’ll own a lot of shares that accumulate over time. Especially if you’re diligently buying shares each time you have extra cash, with little regard to the price you pay.
That’s the secret - amass shares and don’t sell them for decades.
(Ps - Don’t buy individual stocks- stick to broadly diversified mutual funds or ETFs)
Viewing a single comment thread. View all comments