Dollar Cost Averaging -- The Easiest Way To Get Rich

Dollar Cost Averaging -- The Easiest Way To Get Rich

Dollar cost averaging is the simplest form of investing and the easiest way for the average person to get rich. This method requires very little knowledge of investing, luck or decision-making ability but provides investors with unlimited potential. It reduces risk and helps maximize returns for long term profits. This process couldn’t be simpler making this an excellent strategy to utilize. Let’s take a look at exactly what it means to dollar cost average, what this method would look like for you and how you can implement this strategy to become a multi-millionaire on autopilot. Additionally, let’s see exactly where you can invest your money to receive excellent returns for doing absolutely nothing, often returning 10% per year or higher.

[ChrisInvests]

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[jonas]

Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.

[c.t.u.o]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start

[cryptoethics]

Stupendous advice on crypto and passive. Tells it like it is, honest opinion. Only promoting what is working in the market

[candideharrison]

According to Elon Musk", Since I’ve been asked a lot: I will always advise, we buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long-term.

[drfrankhutchinson]

I am sitting on cash. I sold my stocks early but the best part about this sell-off i have been mostly right, the worst part about it is that i don’t short anymore so I’m not making so much money, but at least i will get to buy twice the stock with same USD amount.

[htsyami]

No one can consistently time the markets perfectly. So DCA is the best strategy to stay in the market long enough to let compound interest work in your favor.

“Time in the market is more important than timing the market.” DCA is also better for the psychology and emotional stability of the investor.

[aorjarsrelaxingvideos]

Been doing this over the last 3 years S&P 500/Crypto and still up $$$ even making money in the bad times ie: last 8 months ... Thankyou Chris!

[TomScott__]

Every month I put money in my brokerage account. I keep it there in cash until I decide what stock I want to buy. Every month the cash pile gets bigger. When I find a stock I believe in and that I want to buy, I will by 1, 2, 10 or 100 shares depending on how expensive the stock is priced but I don't spend all my cash. I then watch the stock price as I continue to build my pile of cash. If the stock goes down cheaper than when I bought it last then I'll buy a little more. If the stock goes up then I'll just keep watching and waiting. I only buy on a down day and I try to always have cash ready for the down day. If a long period of time goes by (months or years) and the stock has not gone down then I'll reset my expectations and buy another share at the higher price and buy again if it goes lower from there.
This method makes me happy when the stock is going up and makes me happy when the stock is going down as it's then on sale.
So far so good. I'm doing very well with this plan but you have to buy what you really believe in and will stick with on those big down trends.

[gaileickhoff]

Keep dropping! I keep buying! F U Hedgies! The time has come for the poor to be rich!
Buy and Hold! They eventually have to buy back! When? We don't ever really know but I'm holding until the freaking BOOM!

[elonmusk]

I’ve been dollar cost averaging since the beginning of this year, in a variety of stocks, from VOO to individual stocks like VZ CVX & JNJ, overall my portfolio is down just about 4%, but I’m bringing in 6.5% dividends on that 12000 so far. I plan to DRIP invest and continue adding 500$ a week for as long as I can afford it, hoping to amass enough dividends to supply myself with a 2500 or greater income a month. Looking like a 15+ year plan, but I’m only 30 so I have plenty of time!

[livingunashamed]

I DCA my 401k but always lump sum my Roth IRA on January 1st :).

[msmaria]

I do this already. I do buy stock automatically in my Stash account, my Roth IRA, my workplace IRA, and company stock.

[bmercedes]

I watched 4 videos before this one....I don't have to search anymore. This video explains it all🙌

[joeschmoe]

Try what I call DCA+ which is buying more the lower the index goes. Simple example - say an index is 10% off its high - buy 10% more than you normally do. 20% off it’s high? Buy 20% more than you normally do.

[kevinsheeler]

could not say it better wish I knew this 30 yrs ago!

[slomotionpoetry]

Love this video. I've already done this on Trading 212 but I wasn't confident with how I did it. This video has given me the confidence I needed.

[hebeigucci]

An ex-colleague convinced me into stock trading and investments as profitable alternative sources of income. Unfortunately, I have been down ever since. Next time, I will spend my money on myself first before considering whether I will invest or not.

[gianlucacrosatti]

My favorite strategy, to me it works perfectly

[kennethchow]

Sweetest thing is dca on fractional shares with most brokerage companies on valuable stock like Amazon and Blackrock.