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275 - Megasode - The Greatest Hits
Maven Money Personal Finance Podcast
Savings, Investing and Speculation
When it comes to savings and you want to have a known identifiable future lump sum number, volatility is not your friend. With investing, usually you don't have a clear use for the money. Investing capital, all it is, is future purchasing power. But when you're investing over a long period of time, volatility is your friend. It's called pound cost averaging. The market goes up, the market goes down, volatility, unpredictability of prices,. both up and down. However, volatility isYour friend when it comes to investing because you wish to buy when the market is down and your monthly contributions get more bang for your buck.
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