LITTLE CHANGES ... Big Difference!

For Illustrative purposes only. Not to be considered advice. Courtesy: www.fidelity.ca

MARKET Watch

SAVE Regularly

Benefit from Dollar Cost Averaging.
 
Take the guesswork out of investing. It forces you to buy more shares or units of a security when the price is low and fewer shares or units when the price is high. You can buy at the best price without the stress of trying to actively time the market. Here is how it works;

 

Date

Investment

Price

Units

January

$150

$10.00

15.000

February

$150

$9.00

16.666

March

$150

$10.00

15.000

 

End of March - Total Investment=$450.00

Market Value $10 x 46.666=$466.66

 

By taking advantage of dollar cost averaging, your investment is worth $466.66 but only cost you $450.00. By buying more shares when the price was low and fewer shares when the price was high has effectively put your money to work for you.

PRINCIPLES of Saving

Three Principles of Savings; Save Now, Start Now and Stay Invested. Begin by investing what you can afford and try to increase this amount every few months.

 

Decide exactly how much money you can invest each month. Make certain that you are financially capable of keeping the amount consistent

 

Select an investment that you want to hold for the long term

 

At regular intervals (weekly / monthly), invest the money into the fund you’ve chosen