Written by Joey Frenette at The Motley Fool Canada
Whenever the market heads south quickly, new investors with extra dry powder may wish to deploy some of it while investors are in a rush to sell. Indeed, some of the best bargains are available when fear and panic are in the hearts of other investors. Though stocks posted a decent recovery rally to close off last week’s session, the recent wave of volatility could make for a challenging near-term ride.
So, how does a new investor deal with such a choppy market?
Dollar-cost averaging, or buying shares of firms gradually over time (or after stocks decline), can help you keep cool when the stock market moves make it hard to. In this piece, we’ll look at one Canadian growth gem that’s shed more than half its value from peak levels.
Taking advantage of the market’s wild swings
Though the stock has recovered considerable ground since rallying off its lows, it…
