Does Dollar-Cost Averaging Improve Returns?
Dribbling money in over time can effectively minimize risk, but it’s not a wealth-creating process, says financial planning expert Michael Kitces.
Michael Kitces is a Partner and the Director of Wealth Management for Pinnacle Advisory Group, co-founder of the XY Planning Network, and publisher of the continuing education blog for financial planners, Nerd’s Eye View. You can follow him on Twitter at @MichaelKitces.
Jeremy Glaser: For Morningstar I'm Jeremy Glaser. I'm joined today by Michael Kitces, he's a financial planning expert. We are going to talk about dollar-cost averaging and if it really helps improve either the risk or return to investors' portfolios.