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Home Money The Best Way to Invest – Anthony Talarico
  • Money

The Best Way to Invest – Anthony Talarico

By
Anthony M. Talarico
-
October 27, 2013
2513
Real Estate prices invest

Dollar-cost Averaging: The best way to investDollar-cost Averaging: The best way to invest

THUNDER BAY – Money – I am always asked what the best way to invest is.  Most people I run into tell me they like to wait until they have a lump sum before they invest it.  Truth is averaging in weekly, bi-weekly or monthly will provide the best results over the long term.  This strategy entails investing the same amount of money every month to ensure you buy more units when the prices are low, and few when the prices are high, thus reducing your average cost.  This can also be done easier by setting it up so it’s automatic and pre-authorized contributions. 

Benefits to Dollar-cost Averaging

Dollar-cost Averaging: The best way to invest
Dollar-cost Averaging: The best way to invest

The other benefits to dollar-cost averaging other than averaging in your price is that your money is invested for a longer period of time which is likely to earn a higher rate of return than a savings account, thus maximizing your potential return.  This will also leave you less likely to spend that money, rather than if you just leave it in your savings account to spend on something you may not really need. 

Here is an illustration of what putting $100/bi-weekly or per pay cheque can look like over many years.

The Bottom Line

Anthony Talarico
Anthony Talarico

It doesn’t take a lot of money to start something that could turn out to be great.  You just need a plan that works, and the patience to stick with it over the long run.  I hope this helps you understand that the hardest part in making a plan like this happen, is just getting started.

If you would like to sign up for my free monthly investment newsletter, feel free to email me at anthony.talarico@f55f.com with your name and email.

Anthony M. Talarico
Financial Security & Investment Representative

W: 807-343-4788   C: 807-472-6092

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    Anthony M. Talarico
    http://www.freedom55financial.com
    Anthony M. Talarico Financial Security Advisor W: 807.343.4788 ext. 4248 C: 807.472.6092 anthony.talarico@freedom55financial.com www.freedom55financial.com

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