Lesson 12: average in strategy always underperform the buy now strategy.
Lesson 13: Just keep buying instead of averaging and waiting for dips.
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Similar ideas to Dollar cost Averaging
In terms of the beginning investor, the mutual fund fees are actually an advantage relative to the commissions on stocks. The reason for this is that the fees are the same, regardless of the amount you invest. Therefore, as long as you meet the minimum requirement to open an account, you can inve...
8. Save. Just save. You don't need a specific reason to save.
9. Define the cost of success and be ready to pay it.
10. Worship room for error.
11. Avoid the extreme ends of financial decisions.
12. You should ...
The difficult lesson is knowing the value of change. Because we usually fear change.
Instead of waiting for change to find you, go out and find it. Look for the little signs when you are beginning to plateau, in any way, and change up your routine deliberately.
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