Episode 177

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Published on:

20th Feb 2023

Grow Your Wealth with Dollar-Cost Averaging

If you've ever missed out on a big sale in the stock market because of fear or uncertainty, you're not alone. But don't let that fear keep you from taking advantage of potential gains.

In this episode, we'll introduce the concept of dollar-cost averaging (DCA) - a practical investment method for those just starting. DCA allows you to control the frequency of your investments and can help reduce your overall risk.

This strategy can also be used in your retirement accounts, where a portion of your income goes into your company retirement plan every month, purchasing shares of mutual funds, ETFs, or stocks.

The key to successful investing is having a long-term perspective and staying disciplined in your investment strategy. So don't let fear hold you back. Start investing in the stock market using dollar-cost averaging and watch your portfolio grow! 

Key Points:

[3:20] #1 Dollar-cost averaging (DCA) spreads out investment purchases to reduce market impact

[3:50] #2 Retirement accounts like 401(k) and IRA often use DCA to purchase shares of investments

[8:03] #3 DCA involves systematic monthly stock purchases of the same dollar amount

If you loved this episode, you have to listen to these episodes as well: 

>> The Value of a Financial Advisor 

>> Planning Your Life & Finances - a 2022 Mash Up

>> Own Your Home and Grow Your Mental Wealth


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Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can't wait to meet you.


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About the Podcast

Minority Money
Changing the Complexion of Wealth
The Minority Money Podcast is about finance, family, fitness/health, and education and how all of these things affect your overall wealth.

About your host

Profile picture for Emlen Miles-Mattingly

Emlen Miles-Mattingly

Emlen Miles-Mattingly is the CEO and founder of Gen Next Wealth. He spends much of his waking day striving to bring more value to the table for his clients, with the goal of helping them align their money with their values. Ultimately working with clients to make a lifetime of smart decisions with their resources.
With nearly 19 years of experience in the financial services industry, he decided to leave the large corporations and start his own independent firm. It is his passion to keep the client's best interest in mind when making recommendations. Everyday Emlen wakes up knowing he has an opportunity to learn something new and is excited to share what he has discovered with people in need of it. He has a bachelor’s in business administration and is currently enrolled in coursework to obtain the CERTIFIED FINANCIAL PLANNER designation.
Emlen was born and raised in the small town of Madera, CA this is also where the firm is located. He is married to Maricela and they have 4 children Jada, Mia, Emlen II, and Ecella. We have a very active life, we enjoy working out, hiking, craft beer and escaping to the coast whenever possible.