WEALTHY FOLKS BENEFIT FROM DOLLAR COST AVERAGING – WHY DON’T YOU?

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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BUYING EQUITIES ON SALE!

So 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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BUYING CRAP IS BAD FOR YOUR WALLET!

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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