[00:02] because you want to wait until there's a dip, I think you should think again. The S&P 500 trades at an all time high about 21 days per year, which is this red few years it's been way higher than that, sometimes in the 60 to 80 day
[00:17] ranges. New all time highs tend to be followed by more all time highs. So, if waiting, it could actually cost you a ton. If you miss just the 10 best days in the market in the past 30 years, you could erase your gains by 56%. Missing
[00:31] 20 days will cost you 74% of your total gains and missing 30 days will result in 84% less. This is because the best days in the market are going to make up the majority of your stock portfolio gains. So, the fix is stupidly simple. You just
[00:45] simply dollar cost average, which means that you pick an amount, say it's $200 every 2 weeks, and you can automate this investment so that your emotions aren't Most people underperform the market due to overtrading. So, if you can just sit
[00:58] consistently, you'll do a lot better. Follow me for more investing content Follow me for more investing content like this.