How to Combine Finances the RIGHT Way!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 6 March 2023
⏱️ 25 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | All right. |
| 0:08.8 | Question from Don Don 365. |
| 0:10.8 | Hi, I'm 35 and I have 100K to throw into an index fund. |
| 0:17.6 | I don't want to miss the market slingshot. |
| 0:20.4 | Do I dollar cost average 10K a month or do I lump summit? |
| 0:24.4 | Also I'm on step 6 of the food. |
| 0:26.4 | Cheers. |
| 0:27.4 | What do you guys think? |
| 0:28.8 | First of all, I love Don Don that you're thinking about putting this money to work to you. |
| 0:33.2 | You got $100,000. |
| 0:35.0 | You want to do something with it and you didn't say, hey, you know what? |
| 0:37.3 | I'm going to go buy a new Corvette. |
| 0:38.6 | I'm going to go do that. |
| 0:39.6 | I love that at 35 years old, with a substantial chunk of cash, you're making a decision for |
| 0:45.8 | your future self, which is awesome. |
| 0:49.3 | So the question is, okay, I have this 100,000. |
| 0:51.5 | I want to put it in low cost index funds. |
| 0:53.4 | What's the best way to do that? |
| 0:54.4 | Love some or dollar cost average. |
| 0:56.5 | Vanguard did a wonderful study a number of years back. |
| 1:00.0 | And they said, okay, well, let's look at what's more advantageous dollar cost averaging |
| 1:05.1 | or lump sum investing when you look at the long term. |
... |
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