4.6 • 2.8K Ratings
🗓️ 4 December 2024
⏱️ 22 minutes
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"I’m obsessed with checking my accounts daily, and I have major FOMO if I don’t. Is there a downside to Dollar Cost Averaging daily instead of on a less frequent basis?"
We'll walk you through that question and more in today's Q&A episode!
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0:00.0 | Always be buying. Is there too much of a good thing? |
0:09.4 | Brian, I am so excited to talk about this because I love when our financial mutants take an idea that we share with them and they grab onto it and they love on it and they love on it and they make it their own. |
0:20.7 | But sometimes, just like with most things, perhaps there can be too much of a good thing. |
0:27.2 | And right now, one of the questions that we're going to answer is going to deal with that. |
0:32.2 | This question came in from Earl the Squirrel. |
0:35.3 | Earl the Squirrel. |
0:36.0 | The one that asked this question. |
0:37.0 | And Earl said, I'm obsessed with checking my accounts daily, |
0:41.6 | and I have major FOMO. |
0:43.7 | If I don't, check them daily. |
0:45.7 | Is there a downside to dollar cost averaging on a daily basis |
0:49.2 | instead of on a less frequent basis? |
0:52.1 | Can that be? |
0:53.4 | But as someone who dollar cost averages many, many times throughout |
0:57.1 | the month himself, what say you to the answer? What say you to this question? I feel a little |
1:03.9 | responsibility here, but Earl, every day? Is that what Earl said? Every day. |
1:15.8 | And he says he gets a little sad if he doesn't check his accounts. |
1:19.3 | Major FOMO was the exact language that Earl the Squirrel used. |
1:27.3 | Okay. Look, I don't mind being self-reflective and given the experience shares in the fact that I've told you guys that I was doing monthly purchases. And then at some point that warped itself to where I was buying twice a month. |
1:31.3 | And I was like, well, twice a month was good. |
1:33.3 | You know what would be really fun if I did this every week. |
1:36.3 | So I do have monthly, I mean weekly purchases in my investment, in my after tax joint investment account. |
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