To take advantage of ups and downs in the price of stocks, many investors, including myself, utilize Dollar Cost Averaging (DCA) as a strategy. DOLLAR COST AVERAGING: is an automated and disciplined investment strategy. It removes emotions from the investment process because you are investing a fixed amount of money at set periods. As the price of an ETF, Mutual Fund, or stock varies from month to month, you acquire the ...
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Have you noticed how many new car commercials are on television EVERY day? The automobile manufactures spend $ BILLIONS advertisement dollars annually. They hire young, good-looking actors, leaping for joy to acquire a 72-month car payment! Because the car manufacturer and dealers want YOUR HARD EARNED MONEY! If you resist these ads and YOUR own excuses, and invest 30 years of new car money, you will grow YOUR ...
Read MoreSo you are thinking about buying a new car? Year-end sales are coming in a few weeks and the car manufacturers will discount thousands of dollars and offer zero interest. Do you buy at today’s full price or wait? Personally, I wait for sale prices for clothes, electronics, vehicles, equities, etc. The stock market gives you sale prices when the market corrects and drops a few percentage points. This is ...
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When I was young, there was a house I would notice when riding to my Grandmama’s house. It was an old wooden structure house, which needed a new paint job and even had cracks in the wood so I could see inside the house. But what stood out, was the brand new four-door Cadillac sitting in front of the house. The house and the land were NOT worth the cost ...
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SAVE MORE BY SPENDING LESS STOP Buying Crap This is your first step to accumulating wealth. I went to my basement last week and I saw boxes and bags of crap!! All that crap, cost money. And it’s just sitting there!. My garage, same problem.So let me define crap. Useless stuff you do NOT NEED/WANT! Let’s look at how much we can spend, annually on crap:· Two six packs of beer/week -$625· Daily ...
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