1028. Laura answers a listener’s question about investing a lump sum or using a dollar-cost averaging (DCA) strategy. Find out what DCA is and its pros and cons whether you have a little or a lot to invest.

Key takeaways

• Dollar-cost averaging (DCA) is a simple strategy where you invest a consistent amount at regular intervals.
• DCA benefits include reducing market risk, needing smaller amounts of cash, and making investing less emotional.
• DCA can also be a wise strategy when you have a large amount to invest, such as a cash windfall.
• The main DCA downside is potential missed growth when the market is rising over time.
• Making a lump sum investment can be wise when your finances are in good shape, don’t need to be systematic, have a high risk tolerance, and want to maximize returns.

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Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.

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749. If you’re worried about a recession or just want to strengthen your finances, Laura covers seven steps to take now to ease the impact of a future hardship.

Encore episode: This episode originally aired in November 2022.

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Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.

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Think you need to make monumental changes to achieve your financial goals? Think again. Money Girl has 8 micro money habits to help you take control of your finances, feel secure, and reach any realistic financial goal you desire.

Encore Episode: This episode originally aired in June of 2022.

Money Girl is hosted by Laura Adams. Find Money Girl on Facebook or subscribe to the newsletter for more personal finance tips. You can read the transcript here.

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Hosted on Acast. See acast.com/privacy for more information.