With dollar cost averaging, you first figure out how much you can afford to stash away, then you channel that same fixed amount every month come rain or shine into your equity program. When markets go up, you can congratulate yourself for having made some paper profits. When markets go down, you figure that you’re at a bargain sale. Perhaps last month your monthly investment could only buy three units of your favorite Segregated fund. This month it might buy four units. This is only one of the many asset growth strategies you may wish to employ.
A financial advisor at Stapfer Financial Planning Group Inc. will explore different asset growth strategies to discover which may be right for you.