The Only Investing Strategy You Need

Everyone starts out as a beginner at some point.

If you're a beginner investor, figuring out how to get started can be overwhelming AND complicated.

But it shouldn't be that way.

Here's the only long-term investing strategy you need to be a successful investor:

It's called dollar-cost averaging.

And it's still my go-to strategy today.

First, let’s discuss what (DCA) dollar-cost averaging is:

Dollar-cost averaging (DCA) is an investment strategy that involves regularly investing a fixed amount of money at scheduled intervals, regardless of the asset's price.

Essentially, it’s a passive, set-it-and-forget type of approach to investing.

It encourages discipline and simplifies the long-term investing approach.

It takes the guesswork out about when to invest, what to invest in, and when to sell.

DCA automates it and does everything for you.

Want to know exactly HOW to do it?

Here's a simple, 5-step process to follow:

1) Open an Investment Account: You can set this up on your own or with an advisor through a brokerage or financial institution. Depending on your goals, this can either be a regular brokerage account or a retirement account.

2) Choose Your Investment: Now that your account is opened and ready for funding, it's time to select the specific asset or assets you want to invest in. You can choose individual stocks, mutual funds, or ETFs.

If you're a beginner, here are three ETFs I’d recommend picking for your portfolio.

• VOO

• VTI

• QQQ

You can pick one or all three.

3) Set Your Investment Schedule: Decide how often you want to invest. For example, you might choose to invest $500 every month.

4) Automate Your Investments: Link your bank account to your investment account so the money gets automatically drafted into your investment account each month. Automating your investments ensures you stick to your schedule.

5) Monitor Your Investments: Even though DCA is a more passive strategy, it's important to periodically review your investments. Ensure they align with your long-term goals and make adjustments as needed.

DCA is a foolproof way to become a successful investor over the long run because it:

• Helps you avoid mistiming the market.

• Takes the emotion completely out of it.

• Builds the discipline needed to be successful.

And there you have it!

The Only long-term investing strategy you need to become a successful investor.