Financial Education: Dollar Cost Averaging

in Threespeak5 years ago (edited)

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Dollar Cost Averaging (DCA) is a proven strategy for amassing wealth.

To implement this one needs to:

  • have a long-term mindset

  • be sure of the assets that one is amassing

In this video I discuss how this is a great strategy for people to utilize in creating wealth. Understanding the basics of how this works is a very powerful step for newer people to implement.


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This post makes so much sense. I wonder though how many of the ones calling for Bitcoin at $100k by the end of the year are actually buying anything at the moment. It's more than $35,000 down, what a discount. Retail usually doesn't like discount. I bought XTZ at $4, but I'm not buying any at a bit over $2. I completely agree with you. The best times to accumulate HIVE and be active is during bearish times, that's when the majority is "having vacations".

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Familiar topic! LOL well done, being sure of what you are buying into is something that I lacked for quite a while, but that has absolutely changed after being on here for a few months. It's changed my directionality for sure.

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Lovely post and really appreciated.

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