26 min
24: What Is Dollar Cost Averaging and How Does It Impact Your Wealth? Girl on FIRE
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- Investing
🎙 Dollar cost averaging is a common investing strategy that’s often considered to be good for beginner investors and those investing under a long term buy and hold strategy. But it may not be the best option for you. How does it work? And how does using a dollar cost averaging strategy impact your wealth? 🤔
This episode discusses topics like:
🌟 How dollar cost averaging works and how you can implement this strategy;
🌟 How dollar cost averaging can be beneficial for beginners and emotional investors; and
🌟 How dollar cost averaging can increase your wealth and when it’ll result in you leaving money on the table.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/24-dollar-cost-averaging
Dollar Cost Averaging: Truth or Fiction study by Morningstar: https://www.morningstar.com.au/learn/article/the-dollar-cost-averaging-myth-why-lump-sum-i/197410
Investment frequency calculator: https://investcalc.github.io
Time codes:
00:00 Hello & Welcome!
02:11 What Is Dollar Cost Averaging and How Does It Work?
11:38 FIRE & Investment Calculator Spreadsheet
13:40 Advantages and Benefits of Dollar Cost Averaging
16:55 Disadvantages of Dollar Cost Averaging
21:30 How Priya Invests
24:32 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
🎙 Dollar cost averaging is a common investing strategy that’s often considered to be good for beginner investors and those investing under a long term buy and hold strategy. But it may not be the best option for you. How does it work? And how does using a dollar cost averaging strategy impact your wealth? 🤔
This episode discusses topics like:
🌟 How dollar cost averaging works and how you can implement this strategy;
🌟 How dollar cost averaging can be beneficial for beginners and emotional investors; and
🌟 How dollar cost averaging can increase your wealth and when it’ll result in you leaving money on the table.
Links from this episode:
Episode transcript and show notes: https://www.papermoneyco.com/24-dollar-cost-averaging
Dollar Cost Averaging: Truth or Fiction study by Morningstar: https://www.morningstar.com.au/learn/article/the-dollar-cost-averaging-myth-why-lump-sum-i/197410
Investment frequency calculator: https://investcalc.github.io
Time codes:
00:00 Hello & Welcome!
02:11 What Is Dollar Cost Averaging and How Does It Work?
11:38 FIRE & Investment Calculator Spreadsheet
13:40 Advantages and Benefits of Dollar Cost Averaging
16:55 Disadvantages of Dollar Cost Averaging
21:30 How Priya Invests
24:32 Next Weeks’ Episode
Remember to:
Join our exclusive community by becoming a Patron: https://www.patreon.com/girlonfirepodcast
🤩 Subscribe so you don’t miss any future episodes.
🏆 Rate and review the show on Apple Podcasts: https://www.papermoneyco.com/podcastreview
Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!
💖 I'd be super grateful for your help in making financial education available to everyone.
The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.
26 min