#462 - Nick Maggiulli - The Best Way To Build Your Personal Wealth
Modern Wisdom
00:00
Understanding Dollar Cost Averaging
This chapter explores the nuances of dollar cost averaging, contrasting traditional investing through methods like 401(k)s with the newer 'average in' strategy. It discusses behavioral challenges faced by investors, particularly during market downturns, and emphasizes the benefits of investing lump sums versus gradually entering the market. By analyzing psychological factors and retirement realities, the chapter provides insights on investment strategies and the misconceptions surrounding retirement wealth.
Transcript
Play full episode
