It's the age-old battle.

Lump sum versus dollar cost averaging.

Brian, I am so excited to talk about this because inevitably at some point through your

financial life, something's going to happen.

You're going to have a windfall or a bonus or some money coming to your possession and say,

man, I need to figure out what to do with this money.

How do I put it to work so that it can work harder than I do with my brain, my back, and my hands?

Well, I want you to know, we got you covered because you're going to find out that there's actually a place for both of these tools.

But before we jump into it, Bo, we ought to go ahead and just anybody who's new to finance

and we're picking up constantly thousands of people every month who are brand new to our channel.

Let's explain what is lump sum investing and what is dollar cost average?

Yeah, let's do some Webster Dictionary type definitions.

Lump sum just simply means investing a large sum of money all at once rather than spreading

out that investment over time. Whereas if you think about dollar cost averaging, it's actually

investing a large sum of money in smaller, equal dollar amounts over time at a regular frequency. And that frequency could be

like weekly, monthly, et cetera. So if you think about this and you said, okay, I've got some money

to invest and I've got $500 a month. Should I do it monthly or should I do it at the beginning

of the year? How would that practically look?

We want to show you a visual example. So to lump some invest is pretty straightforward.

At the very beginning of your period, if you had $6,000, you just dump it in right there at the beginning, $6,000. Now, look, it is interesting when you look at a visual of this and is that

you see, the market does look, it's definitely higher,

but there's a lot of gyrations and volatility. And this is just us choosing just the last year.

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