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Dollar-cost averaging is a solid approach, especially in these turbulent times. It’s like taking the scenic route rather than racing on the freeway. And buying more on a dip? Classic Warren Buffett move! Did you know Buffett once said, “Be fearful when others are greedy and greedy when others are fearful”? Sounds like you’ve got that covered.
Here’s an interesting tidbit: historically, markets have recovered from downturns, with the S&P 500 showing an average annual return of about 10%. So, sticking to your plan might just pay off handsomely in the long run.
Sweet dreams! Cheers, BC🍀