Not sure about how to invest your money? Dollar-cost averaging can be a good choice if you have a long-term investment horizon. This article covers the pros and cons to consider.
Dollar-cost averaging is the practice of investing a consistent dollar amount into a given investment on a regular basis. This allows you to invest no matter how well the markets are performing. However, as is the case with any investment strategy, you need to consider the potential pros and cons. It will help you to decide whether it’s the right way to invest for you.
In short, dollar-cost averaging can be an attractive option for investors who:
To ensure that dollar-cost averaging is the right option for you, talk to an advisor. They’ll assess your situation. And then confirm that this approach makes sense for you and consider your financial objectives and risk profile.
Here are some products to consider with a dollar-cost averaging strategy:
Sun GIF Solutions DCA Daily Interest – Investment Series
Sun Life MFS Global Growth Fund
Sun Life KBI Global Dividend Private Pool
The information contained in this document is provided for information purposes only and is not intended to represent specific individual financial investment, tax or legal advice nor does it constitute a specific offer to buy an/or sell securities. While the information contained in this document has been obtained from sources believed to be reliable, SLGI Asset Management Inc. cannot guarantee its accuracy, completeness or timeliness. Information in this document is subject to change without notice and SLGI Asset Management Inc. disclaims any responsibility to update it.
SLGI Asset Management Inc. is the investment manager of the Sun Life family of mutual funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund’s prospectus. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Sun Life Assurance Company of Canada is the issuer of accumulation annuities (insurance GICs), payout annuities and individual variable annuity contracts (segregated fund contracts). Any amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value. Sun Life Financial Trust Inc. is the issuer of guaranteed investment certificates.
Sun Life Global Investments is a trade name of SLGI Asset Management Inc., Sun Life Assurance Company of Canada and Sun Life Financial Trust Inc. all of which are members of the Sun Life group of companies.
