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| Broker | Price | Quantity | Fee | Subtotal | |
|---|---|---|---|---|---|
| 1507,50 € | |||||
| 2135,50 € |
Weighted average price
145,72 €Total invested
3643,00 €
Fees
5,00 €
145,82 €
* This price includes the fees paid on purchase and estimates a similar fee on sale. It is the real minimum price at which you do not lose money.
El DCA (Dollar Cost Averaging) helps bring your average price down when you buy regularly.
Las fees hit small contributions hardest. Try grouping purchases if your broker charges a fixed minimum.
Trying to guess when the market has bottomed (Market timing) is close to impossible even for professionals. The DCA (Dollar Cost Averaging) is the answer for the private investor.
It means investing the same amount at regular intervals (say, €200 a month), regardless of whether the market is rising or falling.
"The investor's chief problem — and even his worst enemy — is likely to be himself."
— Benjamin Graham (author of 'The Intelligent Investor')
Mathematically, you buy fewer shares when they are expensive and more when they are cheap ("on sale"), which brings down your average purchase price over the long run.
Psychologically, it removes the stress of deciding "when to get in". If the market falls, you are glad because you buy cheaper. If it rises, you are glad because your portfolio is worth more. It is a strategy where you always win mentally.
If you want to complement this strategy with an institutional, practical view on financial planning, saving and investing, the Personal finance guide from the Bank of Spain is a good starting point for grounding concepts and deciding with perspective.