Patience, Not Panic, for Long-Term Financial Security

4. Continue Investing Consistently

With consistent dollar-cost averaging, there is no need to guess when or where to invest. Invest a certain amount regularly to take advantage of high and lows. You’ll be purchasing more units when prices are low and fewer shares when the prices increase. This strategy helps buffer you against severe volatility and build long-term wealth. Default investments and workplace 401(k) plans with automatic deposits have been using dollar-cost averaging to help people earn substantial returns over the long run. This approach works well for less experienced investors or those who prefer to invest passively. More experienced investors might want to seek higher returns by actively strategizing.