Dear All,
The Benefits of Regular Savings with Dollar Cost Averaging
Expatriates all around the world may often find themselves in a better financial situation by working abroad. All too often however, people do not take advantage of the opportunities available to them in maximising their surplus income and many return to their home countries without fully utilising the options they have.
There are many different ways to invest in the stock-markets. Perhaps the most accessible way is through a regular savings scheme. Putting a affordable amount aside each month can soon add up to a sizeable pot of money, which would come in handy for times such as retirement or saving for children when finances are likely to be stretched.
The advantages of saving on a regular basis include significant tax planning opportunities, access to top fund managers, enhanced returns, multi-currency holdings, confidentiality, international portability and the highest levels of investor protection. We take our Client’s savings very seriously and for their security we only use institutions based in the world’s most secure locations such as Jersey, Guernsey or the Isle of Man.
Dollar Cost Averaging
Although the term might imply a complex concept, DCA is actually a fairly simple and extremely useful technique. Dollar cost averaging is the process of buying, regardless of the share price, a fixed dollar amount of a particular investment on a regular schedule. More shares are purchased when prices are low, and fewer shares are purchased when prices are high. The cost per share over time eventually averages out. This reduces the risk of investing a large amount in a single investment at the wrong time.
For an example please open the pdf provided:
Dollar Cost Averaging
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