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Burton Malkiel - Applying 'A Random Walk' to the World Today | #483

The Meb Faber Show - Better Investing

CHAPTER

The Importance of Dollar Cost Averaging

When the first index when came into being, I did what I've always recommended that people do of dollar cost averaging. That hundred dollars a month, starting off when the first index fund was available, is worth almost a million and a half dollars today. And if you did this with a salary reduction from your employer and your employer matched it, then we're talking about almost $3 million. This was the most striking investment in my life. And it can be for everybody else.

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