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RE: ⏺THE POWER OF COMPOUND INTEREST AND EXPONENTIAL GROWTH!!! 🕓🔥
Awesome input. I appreciate your effort. Yes, dollar cost averaging is probably the easiest way for a person to become wealthy without being to technical. It's great because it subsidizes the volatile conditions tbats the markets could have over time.
I wouldn't say its exactly what Warren Buffett does, however.. He just puts all of his mo ey towards his investments haha. He took no excuses and jumped in!
But dolar averaging is great for people who work a job and don't know how to get wealthy!
Thanks for stopping by and absorbing the value in my content! This post was not actually really the money side, but rather the concept. My next post will be about wealth creation :P
When I referenced Warren Buffett, I was referring to value investing. The automation ensures you are not making conscious decisions to buy stock at the wrong time. Rather, buying more when the price is lower and buying less when the price is higher is in sync with his general mantra. For further reading, Burton Malkiel is the main preacher of Dollar Cost Averaging, a method advocated by him and Jack Vogel of Vanguard.
It's true. And Warren Buffett also had to adjust the way he did things over time.. :) Originally it was the Graham method for picking up cigarette-bud type companies for next to nothing (Pretty much penny stocks), but as capital increased, moving more to buying great companies at fair prices, rather than fair companies at great prices :)
Yes, I usually refrain from going all the way back to Benjamin and Graham and mentioning how Buffett was an actual student of Graham at Columbia University -- however you clearly know your material. I have invested a great deal of time in this area of study as well!
Thanks brother :) I would suggest writing content on the things you know about best as well as the things you are most passionate about! People will tend to pick-up that you are serious about what you do :) Just a bit advice with regards to your content :) Hustle hard. I think you could do really well on this platform if you focus on what you truly are passionate about discussing.