Part 7/10:
Challenging the assertion of tariffs as a direct means to strengthen the US economy, Coffin points out that these measures could adversely impact consumers and dampen GDP growth. The consensus from established economic frameworks supports free trade; however, navigating the complexities of national policies and their implications can often be paradoxical.
Investment Strategies and Market Psychology
As the dialogue continues, the conversation transitions to the concept of "dollar-cost averaging" (DCA), where investors incrementally purchase stocks instead of lump-sum investing. This technique minimizes risks during market fluctuations and appeals to those engaging in regular investment behaviors, particularly for individuals not in possession of large capital.