cool video man. as a 20 year old college student it’s interesting to hear what other people my age do with there money! aside from an emergency fund i am not pulling my money out of the market ahead of the election because i think the 40+ yrs i have to invest will weather any downturns that occur. also just so you know, dollar cost averaging has historically worse returns than lump sum investing- ben felix has a great video on this i recommend- obviously if you are investing your income as you get it this wouldn’t apply lol
Thanks for this comment! yeah I am planning on putting my money back in the market asap. Just moving it from accounts and thought this 5% apy money market account would be perfect for the time being.
Great advice!
Thanksssss
Solid strategy man!
Thanks!
cool video man. as a 20 year old college student it’s interesting to hear what other people my age do with there money! aside from an emergency fund i am not pulling my money out of the market ahead of the election because i think the 40+ yrs i have to invest will weather any downturns that occur. also just so you know, dollar cost averaging has historically worse returns than lump sum investing- ben felix has a great video on this i recommend- obviously if you are investing your income as you get it this wouldn’t apply lol
Thanks for this comment! yeah I am planning on putting my money back in the market asap. Just moving it from accounts and thought this 5% apy money market account would be perfect for the time being.
If DCA is the best way to create wealth over a long period of time then why don’t you keep doing it?
I am moving accounts and once I start my job in July gonna start a retirement account and that’s when I’ll be able to DCA consistently
you cnt time the market... id leave it all in but saving all cash you gain