Dollar-cost averaging is a long-term investment strategy that can be a good idea for anyone including Nigerians.
Dollar-cost averaging is a long-term investment strategy that can help you smooth out the volatility of the stock market and reduce your risk. It involves investing a fixed amount of money at regular intervals, regardless of the market price. This means that you will buy more shares when the price is low and fewer shares when the price is high. Over time, this can help you to average out your purchase price and reduce your overall risk.
It can also help you as a Nigerian invest regularly, even if you don't have a large amount of money to invest.