Dollar-cost averaging pays off

sion’s talking heads reporting on market slumps and surges like it was the weather.

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You’re probably tempted to opt out of those low-performing stocks whenever Wall Street slumps. You may even have given in and funneled your money into a more-promising portfolio. But if you didn’t and if you continued to make regular purchases — $100 a month or $500 a month or whatever — of shares of stock you’re probably sleeping better now.

This process of investing the same amount in the market at regular intervals is known as dollar-cost averaging. It and diversification are considered the two vital supports of a sturdy portfolio to survive the rises and falls, no matter how severe, of the stock prices.

By sticking to your plan of pouring a fixed amount of money in a regular basis, you won’t be traumatized by televi-

When the XYZ stock you began buying in the 1980s began climbing from the $1 purchase price to a high of $3 you felt good. But when it slid to 30 cents a share as the market toppled, you most likely had a sinking feeling in your stomach. But look at what dollar cost averaging did for you.

At $1 a share, $100 bought you 100 shares. When it rose to $3, your regular $100 investment garnered about 33 shares. But when the price sank to 30 cents, your regular $100 input picked up more than 330 shares. And as the market struggled back up, so did the total value of your increased holdings.

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All-you-can-eat fish fry and pork tenderloin dinner Feb. 10

An all-you-can-eat fish fry and pork tenderloin dinner will be held from 4:30-7 p.m. Friday, Feb. 10 and March 10, at Maennerchor/Damenchor at Park Edelweiss, 3355 Elmhurst Drive, Fort Wayne.

The event is sponsored by Fort Wayne Maennerchor/Damenchor.

A fish fry and concert will be held Friday, April 14, and an- other dinner will be held Friday, May 12.

The cost is $13 for adults and $6 for children.