3 Big Investing Mistakes You're Bound to Regret
Investing money you aren't using immediately can be an excellent means of growing wealth. But one thing you don't want to do as an investor is fall victim to these common traps.
If you manage to magically scoop up shares of a given stock when they're trading at their lowest point, you might enjoy massive gains if you then manage to sell those shares at a high. But while buying low and selling high might sound like an easy thing to do, it's actually not so simple.
If you keep waiting for a given stock's share price to fall, you might miss out on an opportunity to buy it at a good price -- even if it's not the best price. That's why a better approach to take is dollar-cost averaging. With this strategy, you commit to a preset investing schedule ahead of time and stick to it, no matter what market conditions look like.
Source Fool.com
