Dollar-cost averaging is a popular investment strategy where an investor regularly buys a fixed dollar amount of a particular stock or portfolio, regardless of its price. This strategy takes advantage of market fluctuations by buying more shares when prices are low and fewer when prices are high, ultimately lowering the average cost per share over time. By investing consistently and without trying to time the market, dollar-cost averaging helps reduce the impact of volatility on your portfolio. It also eliminates the need to constantly monitor stock prices, making it a low-maintenance approach to long-term investing. While dollar-cost averaging can't guarantee a profit or protect against losses, it is a simple yet effective way for investors to build wealth over time. With discipline and a long-term perspective, this strategy can help investors navigate the ups and downs of the stock market and achieve their financial goals.