Warren Buffet would agree with me on this one: Dollar-Cost Averaging, or DCA, is a simple yet effective investing strategy.
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Hey guys, I’m Joyee Yang, and if you’re new here, I make personal finance and investing super simple so you can start building wealth today, even if you’re just starting out.
In this video, I’m breaking down the DCA strategy, which is all about consistency. With this strategy, you don’t need to worry about timing the market perfectly or stressing over dips and spikes.
I’ll explain exactly how it works, why it’s a game-changer for long-term investors, and I’ll even do a demo to show you step-by-step how to put it into action. You will also learn 3 things to avoid doing when you’re using the DCA strategy, based on the mistakes that I made in the past.
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Disclaimer - This content is for education and entertainment purposes only. Joyee Yang does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.