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Can You Invest $20, $30, $40, $50 Per Week And Become Wealthy?
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Started this discussion. Last reply by James Scott Jun 23, 2011.

 

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I'm Not Sure I Believe In Dollar Cost Averaging

Considering that the name of this site is invest every month, I suppose part of the argument being made by the site owner is that we should engage in dollar cost averaging.  However, I'm not sure I believe in dollar cost averaging.

 

I have been told many times by my financial advisor that I shoud invest on a weekly or monthly time table so that my investments are spread out.  This means that I will be buying more stocks when prices are low and fewer stocks when prices are…

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Posted on June 14, 2011 at 3:00pm — 3 Comments

paul

I Want To Build Wealth

I want to build wealth. I don't want to be stuck working in some lame job until I die. I want to "retire" as soon as possible so I can do what I want without needing to worry about generating income all the time.



I'm taking both a short term and a long term approach to my wealth building. In the long-term, I am saving and investing money every month. I'm not very agressive with my investing, but I am doing a good job of building a diverse portfolio that hopefully will result in a… Continue

Posted on July 5, 2010 at 4:00pm — 1 Comment

paul

High Frequency Trading Programs

I'm doing a little research into the stock market and came across a statistic that over 70% of the daily trades are from high frequency trading programs (HFTP's). Most of these HFTP's are from the big institutional banks representing less than 2% of total investors involved with the market.



This means that on a daily basis, a large majority of the movement in the stock market is a result on what the large institutional investment firms are doing. The high frequency…

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Posted on July 1, 2010 at 12:30am

paul

Jim Cramer Is A Smart Man

I know that many people in the investing world like to take their shots at Jim Cramer, but I have been watching him for the past couple of weeks and he really knows his stuff.



I understand that some people don't like is hyperactive style, but beneath the showmanship and energy is a lot of knowledge about the investing world.



I tried to imagine the other day what it would be like to be on television for an hour taking random questions about random companies. His producer… Continue

Posted on May 24, 2010 at 10:59pm — 1 Comment

paul

Trading Is Hazardous To Your Wealth

I was reading an article in the New York Times about day trading when I followed a link to a study that concludes that trading is hazardous to your wealth.



First, the article in the New York Times shows how difficult day trading can be. One trader featured in the article was down $500 in the morning and then was up $210 in the afternoon. However, after…

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Posted on March 30, 2010 at 2:30pm — 1 Comment

Latest Activity

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paul commented on paul's blog post 'I'm Not Sure I Believe In Dollar Cost Averaging'
I wrote this post as the market was heading down below 12,000.  I saw this as a sell-off and I stopped my weekly contributions.  At the end of last week I thought we had hit a bottom (and I enjoyed the news from Greece that a bailout was…
Jul 1, 2011
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James Scott replied to paul's discussion 'Can You Invest $20, $30, $40, $50 Per Week And Become Wealthy?'
Have you ever played around with a compound interest calculator?  Just do a search to find one online and then start plugging in numbers.  It will give you a pretty good idea of what you can expect to have at certain ages and it also will…
Jun 23, 2011
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James Scott commented on paul's blog post 'I'm Not Sure I Believe In Dollar Cost Averaging'
Do you believe in it now?  I mean seriously, were you up to date on the release of oil from the strategic oil reserves, the lower than expected economic news today, the IMF & EU bailout agreement, etc...?  That is a lot of news to try…
Jun 23, 2011
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Nathan Andover commented on paul's blog post 'I'm Not Sure I Believe In Dollar Cost Averaging'
The dollar cost averaging theory is a simple mathematical formula that is difficult to refute.  However, I agree with you that there are times wehn you can tell we are in a dip or are going a little to high too quickly.  How about this,…
Jun 16, 2011
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Can You Invest $20, $30, $40, $50 Per Week And Become Wealthy?

I'm wondering how much people think I should be investing per week in order to become wealthy.  I know that it matters what I invest my money in and how early in life I start to invest, but I'm wondering if $50 or less per week is enough. If people think about this stuff on a monthly investment schedule, $50 per week would be $200 per month.  From the first thought, I don't think this is enough.  I know it is good to be investing on a weekely schedule (due to the dollar cost averaging theory),…See More
Discussion posted by paul Jun 14, 2011
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I'm Not Sure I Believe In Dollar Cost Averaging

Considering that the name of this site is invest every month, I suppose part of the argument being made by the site owner is that we should engage in dollar cost averaging.  However, I'm not sure I believe in dollar cost averaging. I have been told many times by my financial advisor that I shoud invest on a weekly or monthly time table so that my investments are spread out.  This means that I will be buying more stocks when prices are low and fewer stocks when prices are high.  However, I'm…See More
Blog post by paul Jun 14, 2011
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New Wall Street Movie With Gordon Gecko

I saw an ad the other day for a new Wall Streeet movie with Micahel Douglas renewing his role as Gordon Gecko.Looks like it is about a boy who is dating Gordon Gecko's daughter adn gets involved with his business.I just rewatched the orginal Wall Street movie with Charlie Sheen so I am interested in watching this new version.If anyone has seen it and can recommend it, then I'll fork over the money to go see it in the theater. Otherwise, I will probably wait and just watch it with Netflix.See More
Discussion posted by paul Aug 28, 2010
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OICUAM2 commented on paul's blog post 'I Want To Build Wealth'
Good luck with your efforts. Good idea to take both short term and long term efforts. Too many people think they will hit it big and so they put all of their money into their efforts to hit it big and most people never hit it big. If you need to…
Jul 15, 2010

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