What would you do if you came across $10,000? Some of you may spend it or give it to some charity, but some of you may also invest it to grow it. Once you make the decision to invest, you must then make the decision as to WHEN to invest. This seems like a problem when critically reviewed. The problem is that you want to buy low and sell high but aren't sure if you can buy "low" at this point in the market. You are left with 2 options: Put it all in now or put it in little-by-little which is what we will be discussing today. Today, we will talk about:
1. What Dollar-Cost Averaging (DCA) is
2. How DCA compares to lump sum investing
3. The importance of getting in and staying in the market long-term
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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in for more personal finance concepts. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)