DCA: Maybe the Most Important Investment Decision You Will Ever Make
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 13 May 2009
⏱️ 31 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:07.0 | investing, taxing. |
| 0:09.0 | You've got financial questions, he's got financial answers. |
| 0:12.6 | It's Brian Preston, the money guy. |
| 0:15.7 | We got a good one for you today. |
| 0:16.9 | This is your host, Brian Preston, and let me go ahead and read you this huge title that |
| 0:22.9 | we put on the top of this one. |
| 0:24.2 | It says, D-C-A, maybe the most important investment decision you'll ever make. |
| 0:29.0 | Now what is D-C-A? |
| 0:31.3 | And D-C-A is something we've all talked about, we've heard about, but in light of what |
| 0:36.1 | has happened in 2008 and the first two months of 2009, a lot of people probably quit practicing |
| 0:41.4 | D-C-A because they got scared. |
| 0:43.8 | So D-C-A, probably a lot of you already know, is dollar cost averaging? |
| 0:47.7 | What we're going to be talking about is, you know, should you put this thing on autopilot |
| 0:51.7 | and not try to figure out the ups and downs of what's coming your way? |
| 0:55.1 | But how do we get into this is that once again, we get topics, not, you know, a lot of times |
| 1:01.6 | you guys are inspired by writing me emails and you can continue to do that by writing me |
| 1:06.1 | at Brian, B-R-I-A-N, at money-guy.com. |
| 1:10.0 | You can also go check out our show notes at money-guy.com, but like I said, we typically get inspired |
| 1:17.2 | by not only your emails, but we also get inspired by just what's going on in our life. |
| 1:22.6 | And you would have to live under a rock to really not notice how much the stock market has |
| 1:28.6 | made back in the last few weeks to a month and a half. |
... |
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