Coronavirus: Dollar Cost Average

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 22 June 2020

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the best and easiest ways to get into the investing game is by dollar cost averaging. In a nutshell, it's investing the same amount in a given fund at regular intervals, that way you buy less shares when the price is high, and more shares when the price is lower. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Coronavirus Market Update. It is Monday, June 22nd.
0:10.8	And what do we got this week? We got some data on tap. We've got existing a new
0:15.9	home sale, so that's going to be interesting to see. A lot of action in the
0:20.3	real estate market, but in very odd ways.
0:23.4	We're also going to get that second estimate of GDP, first quarter GDP.
0:29.0	I'm going to keep a special eye out on Friday.
0:31.4	We've got personal income and spending. Mark, the savings rate as of that
0:38.0	last personal income and spending report was over 30%. So I'm going to be very curious to see just how
0:49.0	how much people are saving. So the savings rate was 33% in April. It was the highest on record. You may want to check out my blog post over the weekend called The Beauty of Cash, because as Mark knows, it is definitely my favorite asset class by far.
1:05.6	Okay if you have a financial question we'd love to hear from you our email address
1:11.2	is ask Jill at Jill on Money.com.
1:14.7	Ask Jill at Jill on Money.
1:18.0	Okay, let's do this.
1:19.4	Let's go to Christopher.
1:22.2	The last few years, my wife who's 33 and I 35 have maxed out our
1:27.2	401k contributions and we've been motivated to continue saving and building wealth.
1:32.1	Oh gosh a few weeks ago my wife was diagnosed
1:35.6	with cancer with a very positive optimistic prognosis where it's very possible she
1:42.2	will live a normal length of life.
1:44.4	Well, I'm so sorry about that diagnosis,
1:46.5	but I'm glad to hear about the second part of that.
1:49.4	My wife works as a respiratory therapist
	...

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