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Dollar-Cost Averaging

dollar-cost-averaging

Are you retiring or changing jobs and have a rollover? Getting a bonus or expecting a large tax-refund. Let’s invest it!

As we work with new clients or are adding additional investment dollars with our existing clients you may hear Mike or myself set forth a plan for Dollar-Cost Averaging. This is an investment technique we utilize to invest a specific amount regularly (usually monthly) over a period of time. As an example, if you invested $400,000 right now many people would not be comfortable investing the entire amount in the market at once and in truth that strategy may not pay off unless we are in a market that is much less robust than the one we are experiencing now. Dollar-cost averaging will allow you, the investor, to average the price of the investments you purchase over time; sometimes buying higher, sometimes buying lower.

Dollar-Cost Averaging takes away the emotion of investing as well as any attempts to “time the market”. You may earn a larger return by investing in a lump sum, if you get lucky, but we have found that Dollar-Cost Averaging helps to mitigate short-term risk and help our clients focus on a long-term approach. Our job as Advisors is to help you navigate various aspect of investing but we have found one of the most important aspects of our job is to measure your risk aversion and manage your market expectations accordingly – Dollar-Cost Averaging is one of the many tools we use to assist us.

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Thursday, 16 July 2020

Due to renewed State orders for shelter-in-place we will be modifying our office operations. We will be suspending services at our physical office for the public. However, we are available to you via web meeting (zoom), email and telephone (Phone lines have been forwarded to our personal cell phones) during regular business hours. We will be able to fully service all your investment needs with no interruption.

You may drop contribution checks at our office through the mail slot or they may be mailed directly to TD Ameritrade (address listed below). Please be sure to notate your account number on the check.

TD Ameritrade
PO BOX 650567
Dallas, TX 75265-0567

Rest assured that we will continue to monitor your investments and market conditions on an ongoing basis with no interruption. Should you have any questions or concerns please feel free to contact us.

We will navigate this crisis as best we can, coming together and making shared sacrifices. We hope that we can help to slow down the effect of this virus together and solve this swiftly. We also wish everyone well and would like to extend our gratitude for your patience during these trying times. Continue to watch for updates from us.