Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Suze School: Knowing What To Invest In, When You Don’t Know What To Invest In
Oct 20, 2024
Discover the importance of dollar cost averaging for uncertain investors. Learn about key stock market indexes like the Dow Jones and S&P 500, and why diversification is crucial. Suze emphasizes financial literacy tailored for women and how knowledge can empower financial independence. The discussion highlights the value of relationships over material wealth and the importance of continuous education to enhance money management skills.
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Dollar-Cost Averaging
- Dollar cost average into investments, especially if unsure what to buy.
- Divide your total investment amount and invest it over time, especially when prices drop.
Nicholas's Missed Opportunity
- Suze Orman advised Nicholas to buy stock and buy more as it went down.
- He only bought once, missed the dip, and lost potential gains, illustrating the importance of dollar-cost averaging.
Should You Sell?
- To decide whether to sell a stock, ask yourself: if you had the cash value, would you buy it today?
- Sell if the answer is no, hold if yes, sell half if unsure.