Posts Tagged ‘Dollar Cost Averaging’
Financial News = Financial Doom
I was sitting at work today looking over the market news and surprise surprise…the market’s been acting like it’s the apocalypse. There seems to be no good news concerning the market. I’ve watched my Vanguard Star Fund fluctuate up and down - and then down some more. Being a new investor, it did draw some concern. I thought “should I put more money in my fund if the market is looking so poor?”. I’m sure many of you have thought the same thing. Despite how we feel…the answer is YES! I must stick to the advice and info I’ve learned and blogged about, because if I didn’t, I’d be a coward who says one thing and does the opposite. Dollar-Cost Averaging and Long-Term Investing type of strategies is the key to wealth. Block out the noise, and keep on your course.
Psst! Want to know the best time to invest?
So, you want to know the best time to invest? I’ll tell you. The best time to invest is now! There is no one in the world who has a crystal ball or a little bird that whispers in their ear to tell them whether the market will rise or fall. One of the biggest mistakes investors make is attempting to time the market and using past performance to determine how the market will perform. A majority of investors are better off using whats called Dollar-Cost Averaging. With Dollar-Cost Averaging, an investor invests a fixed dollar amount at regular intervals. For example, my goal will be to invest $400 every month, regardless of how the market may be perceived at the time. Using Dollar-Cost Averaging with Index Funds may be the best advice for most investors to take. The advice doesn’t make for exciting reading, but who cares?!
