Glossary

Cost averaging

Investing a fixed amount at regular intervals, which buys more units when prices are low and lowers the average cost per unit.

Comparison A fixed 100 buys 10, 20 and 10 units at prices of 10, 5 and 10. Month 1 Price 10 100 buys 10 Month 2 Price 5 100 buys 20 Month 3 Price 10 100 buys 10

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