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Dollar-cost averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of the asset's price. This method can reduce the impact of market volatility and avoid the pitfalls of trying to time the market. By consistently investing, you buy more units when prices are low and fewer when they're high, potentially lowering the average cost per unit over time. It's a disciplined approach that can help smooth out the ups and downs of investing, making it suitable for long-term goals.
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