EP#14: Recorded in a nature preserve in Colorado - No one else is telling you this about Dollar Cost Averaging…
Change your mindset around Dollar Cost Averaging (and just investing in the S&P 500). Always do your OWN research, no matter how great you think the information you have is (or recommendations / suggestions from others on what to buy), that does NOT mean it’s a good investment for YOU and YOUR goals!
This podcast episode aims to teach you to think beyond traditional investing thoughts, such as just buying an index fund and dollar cost averaging. Is there anything wrong with a strategy like that? No, it may work for some investors but you must see if it aligns with your goals!
So what is dollar cost averaging (DCA)?
Dollar Cost Averaging = investing at regular intervals regardless of the stock’s price in order to take your emotions out of investing. It’s based on buying both when the stock market is at a high and when it’s at a low creating an average cost per share.
This may work for some of you but I think you can do better.
Using patterns we can observe from past 8 recessions, on average the stock market has dropped over 20% from start to low point.
It’s possible to better time the market by understanding these patterns. A key indicator to look at that a recession is coming soon is the 10 year Treasury minus the 3-month T-Bill. You can read more about it on V.I. Digest here.
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Host: Andrew Marks
Produced by: World Creative