The essence of the average purchase method is this: we select an amount of money from those that are not painful to lose when investing (usually 10%) and invest in the asset.
Of course, we choose an asset that has long-term growth prospects and determine for ourselves a target selling price for the asset. We record everything on paper.
Regularly, for example, once a week on Mondays, we purchase an asset for the same amount. We do not pay attention to the fall and rise in the price of the asset, we simply buy until the value of the asset reaches the target.
After the asset price reaches the figure that is your goal, we also sell at 10% of the asset’s value regularly at regular intervals.
As a rule, this process takes a long period of time. The yield is usually 10x.
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