Dollar Cost Averaging is a popular investing method that has stood the test of time. It only requires a small sum to start and allows you to buy into an asset regularly, with a fair price.
So what’s so good about it?
- No more second guessing or impulsive action when making decisions
- Gives you exposure to the markets without frequent monitoring and trying to time the market
- Best used when a market is trending upwards
- Anyone can use this method to invest
What is the downside about it?
- When markets are trending downwards, you don’t get the most out of your investment with dollar cost averaging
In conclusion, in a bullish market or in other words, a market that is trending upwards, you will benefit from the long-term upside of staying invested. A more rewarding way to convert your salary into savings and accumulating into precious metals rather than keeping the money in cash that provides little or no returns. Gold has appreciated about 18% in 2019 and have set new highs this year. Gold still continues to look bullish in 2020.
GSC Saving and Accumulating Program (GSAP) is ideal for anyone who wants to diversify their savings and asset portfolio into Precious Metals without worrying about price fluctuations utilising Dollar Cost Averaging System. Best of all, GSAP is 100% physically deliverable!