Dollar-cost averaging is advice we’ve all been given. But, during a crash, or even a dip, it can be enticing to throw all your savings into an investment with hopes that it’ll quickly skyrocket back up. Is this a smart move, or would this ruin the “consistent investing” advice altogether? To help clear things up, we’ve brought on Nick Maggiulli, author of "Just Keep Buying: Proven ways to save money and build your wealth."
Nick, just like Dave, has been a spreadsheet freak for a long time. They bond over their love of data and how looking at the numbers can help you make much better investing decisions. In a time where FOMO-investing, financial freak-outs, and anxious feelings toward inflation run rampant, Nick provides some soothing words on how any investor in any asset class can successfully start building wealth with little-to-no effort.
Dave, Nick, and expert guest Henry Washington also riff on REITs (real estate investment trusts), real estate investing, and advice for new investors. Whether you prefer stocks, bonds, rental properties, crypto, or a mix of all four, this episode will provide some much-needed advice for you to make it through the recession with far less stress.
00:00 Intro 03:01 Stocks, REITs, and Real Estate 09:34 Diversifying and FOMO Investing 14:38 The Passive vs. Active Income Scale 19:31 Dollar Cost Averaging 30:11 Could a Crash Change Things? 39:48 Advice for New Investors 42:03 Connect with Nick! 42:58 Buy, Hold, Profit
