I'm very new to investing in stocks, and have attempted to find an answer to this question, but have failed. It's a simple question of when to invest money. Essentially, I'm looking to continually add funds to my portfolio, as I get paid each week and set aside money to do so. What is the best strategy for this? Collect the money, and save up until an existing stock in my portfolio reaches a price where I'm comfortable buying more shares? Looking for any advice! Thanks!
I think most of the advice you get will depend on your investment strategy. If you're buying funds or stocks that you plan to hold for years and years, don't save the money and just continually add on as you have the money. If you're just trading, always wait for the right price.
Thanks for the insight! My goals are very long term, and my focus will be on investing something that looks roughly 50/50 split between stocks and ETF's.
