• Dollar-Cost-Averaging

  • Sep 13 2024
  • Length: 34 mins
  • Podcast

Dollar-Cost-Averaging

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  • Summary

  • This week's blogpost - https://bahnsen.co/4d9Z1FY

    Mastering Dollar Cost Averaging: Soccer Strategies for Smarter Investments

    In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Blaine Carver discuss the importance of dollar cost averaging (DCA) as an investment strategy. Blaine shares an engaging analogy comparing DCA to soccer strategies, specifically the buildup approach and counterattack method, which helps simplify the concept for listeners. The conversation covers the benefits of DCA, addressing market volatility, and how it can help hesitant investors commit to a systematic investment process. The episode also touches on the pitfalls of market timing and the necessity for diversifying investments.

    00:00 Introduction to the Podcast

    00:38 Blaine Carver's Article and Soccer Analogy

    08:13 Dollar Cost Averaging Explained

    14:00 Lump Sum vs. Dollar Cost Averaging

    18:04 Psychological Aspects of Investing

    27:36 Final Thoughts and Advice

    31:01 Conclusion and Contact Information

    Links mentioned in this episode:

    • http://thoughtsonmoney.com
    • http://thebahnsengroup.com
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