Dollar-Cost-Averaging
This week's blogpost - https://bahnsen.co/4d9Z1FY
\nMastering Dollar Cost Averaging: Soccer Strategies for Smarter Investments
\nIn 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.
\n00:00 Introduction to the Podcast
\n00:38 Blaine Carver's Article and Soccer Analogy
\n08:13 Dollar Cost Averaging Explained
\n14:00 Lump Sum vs. Dollar Cost Averaging
\n18:04 Psychological Aspects of Investing
\n27:36 Final Thoughts and Advice
\n31:01 Conclusion and Contact Information
\nLinks mentioned in this episode:
\n