Dollar Cost Averaging: The Easiest Way to Get Rich with Stocks

Dollar-cost averaging—you may have heard the term before, but maybe not its implications. According to Nick Maggiulli, it’s probably the easiest way to get rich with stocks, real estate, or really anything else. But what about buying the dip? Wouldn’t investing at historic lows be the wisest move to make when the markets take a tumble? Surprisingly, no! Don’t believe us? Listen on!

Nick’s investing theory is simple. But, the math backs it up. Doing less will make you more money—much more money. In his book, "Just Keep Buying," Nick lays down the time-tested, proven ways to build wealth without being an expert day trader, cryptocurrency coder, or stressed-out landlord. This simple system of investing will allow you to build an almost unspendable nest egg without being glued to the market charts and graphs all day long.

But maybe stocks aren’t your thing. Maybe you're chasing hundred-millionaire status? Don’t worry, Nick also gives his take on achieving monumental money goals without following the same path as everyone else. No matter where you’re at in life, this is an investing lesson worth learning as early as possible!

00:00 Intro
26:29 Building the Perfect Retirement Portfolio
31:52 Investing at Once vs. Dollar Cost Averaging
34:07 Cryptocurrency, NFTs, and Alternative Investments
37:45 Is Picking Stocks a Mistake?
40:24 Why You'll Never Feel Rich
48:08 Action Items

Show Notes at:
https://www.biggerpockets.com/blog/money-347?utm_source=youtube&utm_medium=description&utm_campaign=none
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Join the BiggerPockets Money Facebook Group:
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Hear Our Interview with Early Retirement Expert Michael Kitces:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-120early-retirementasset-allocation-safe-withdrawal-rates-michael-kitces?utm_source=youtube&utm_medium=description&utm_campaign=none
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Is The Stock Market Drop an Opportunity for Real Estate Investors?
https://www.biggerpockets.com/blog/on-the-market-19?utm_source=youtube&utm_medium=description&utm_campaign=none
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The Simple Path to Wealth—Index Funds Explained with JL Collins:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-20-the-simple-path-to-wealth-index-funds-explained-with-jl-collins?utm_source=youtube&utm_medium=description&utm_campaign=none
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Grab “Just Keep Buying”:
https://ofdollarsanddata.com/justkeepbuying/
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Learn More From Nick:
https://ofdollarsanddata.com/
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Learn More About the SPIVA Reports and Whether or Not Index Funds Really Win:
https://www.spglobal.com/spdji/en/research-insights/spiva/
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 347

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