If there is a strategy that consistently outperforms the majority of professional investors while requiring almost no skill, time, or effort, it is the combination of index fund investing and dollar-cost averaging. This strategy is not exciting. It does not produce stories of spectacular gains or brilliant market calls. It is, by any measure, boring. But boring is exactly what young investors should want, because boring strategies are the ones that work over decades, while exciting strategies are the ones that blow up. Understanding why index funds and dollar-cost averaging are so effective, and how to implement them, is the…
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