Negligently Inflicted Psychiatric Injury Essaytyper


Dollar cost averaging is an investment technique where you regularly buy a fixed dollar amount of a particular investment, on a regular schedule, regardless of its price.

Dollar cost averaging can be employed in purchasing just about any investment, though it is commonly used in purchasing stocks and mutual funds. It is also called Constant Dollar Plan.

We all know that the stock market goes up, and the stock market goes down. when to ‘jump in’ can be a difficult guess. A lot of people loose sleep over crazy market gyrations. This is why dollar cost averaging makes sense.

Let’s say you make regular monthly payments into your retirement plan. Or, make monthly payments to yourself, in the form of savings. If you are investing in mutual funds for example, purchasing that fund at a monthly interval, is cost averaging. Regardless of what the stock market is doing, you will buy more shares if the market is low and less shares if the market is high. Over time, you are buying an average, and this helps smooth out the fluctuations of the market.

For example, if you make a $100 per month investment in a mutual fund. In January, the share price was $25, so you were able to buy 4 shares. In February, the share price was $33, so you were able to buy 3 shares. Then in March, the share price was $20, allowing you to buy 5 shares. Over the three months, you purchased a total of 12 shares for an average price of $25 each.

There is an old adage, that you can never time the stock market – in other words, the hope that you buy when market is low and sell when the market is high. Dollar cost averaging is a great strategy that helps your investment grow without having to worry about market timing.

Want to read more? http://www.dummies.com/how-to/content/how-to-use-the-dollarcost-averaging-formula-on-the.html

April is National Financial Literacy Month, Talkin’ Money’s favorite month! To celebrate the importance of being financially literate, we’re going to post financial literacy tips every day.

 

Posted inUncategorized | TaggedFinancial Literacy Month, Financial Literacy Videos, Investing, Millennials, Talkin' Money

Let’s investigate savings. It doesn’t take much detective work to understand that savings is good for you!

And here’s the good news for millennials – you are saving at a rate greater than any generation before you. Fidelity Investments found that 20 somethings are saving on average 7.5% of their income compared to 5.8% in 2013.

We’ve talked about retirement savings, and how important it is to start as soon as you can, along with the benefits of deferring taxes and saving on how much income tax you pay when you invest in a 401k, IRA, etc.

But what about non-retirement savings?

One strategy to employ is to set a goal of savings out of each pay check, and to make that ‘payment’ to you savings account, just like you pay your rent, phone and electric bill. Over time, you grow your savings account and let your money work for you.

What’s the amount you should save? well, it varies from person to person, but a good rule of thumb is to save 10-15% of your gross income (the amount you make BEFORE taxes are deducted) and use that for both your retirement accounts as well as non-retirement accounts.

It takes discipline, but getting used to a regular savings plan is something all millennials need to consider. It doesn’t take much detective work to understand  – SAVINGS IS GOOD FOR YOU!

April is National Financial Literacy Month, Talkin’ Money’s favorite month! To celebrate the importance of being financially literate, we’re going to post financial literacy tips every day.

Posted inFinancial Literacy Month, Managing Money, Savings | TaggedFinancial Literacy Month, Financial Literacy Videos, Millennials, Savings, Talkin' Money
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