Warren Buffett Just Called Dollar-Cost Averaging “the Dumbest Thing in the World.” But There’s 1 Key Exception.
Many financial experts tout dollar-cost averaging as a smart way to invest your money in the stock market. Warren Buffett disagrees, at least in some cases. Dollar-cost averaging is a strategy in which you take a set amount of cash and invest it in securities on a periodic basis. It’s often advised for investors sitting…