Chris Walsh

Now the market will move up and down as you do that, but you're always getting in at some sort of price.

and then over time that's your sort of dollar cost average i'm not trying to explain it with the term but say you buy it at one and then next month it's one dollar ten and then the month after it's a dollar twenty and then the next month it could drop because there could be some drama and it could it could go back down to a dollar ten then you've actually averaged out at a dollar what 12 i can't do the math on that but that's what you're kind of doing rather than missing out altogether

Dollar cost averaging, it's used by Wall Street, it's used by large financial institutions, Australian Super, it's used by KiwiSaver, and it's basically proven to work.

So if you're in the market for a long time, and most people listening to this will be, then it's the way, like I think, is just to offset the risk of trying to time the market or anything like that and just be in the market.

And, you know, you only have to look at the S&P over the last 10 years.

Yes, it's gone up.

Yes, it's gone down.

But if you've committed to that every month, every week, every fortnight, whenever, if that's likely to have been higher in the last 10 years,

Yes, that's right.

I mean, single stocks just, they can be quite poisonous to investors.

If you look at Reddit, people post their accounts

And they'll see down 60% on staff.

We got swept up.

People were buying Air New Zealand, not that it was a full functioning airline at that point.

It was almost like gambling because there wasn't, we couldn't bet at the TAB on staff.

Nothing was playing.

And so everyone was like, oh, let's, you know, shares without the kind of

based understanding of what drives that share price and a lot of people don't know and and so and they still don't know and so the single stocks can just be i mean i'm very selective very very selective so selective and so bearish and yeah there have been brands in the past that have used things like invest in what you love in or like invest in this invest in that i won't name them

And I don't think they use these taglines now, but it's not really about that.

It's about making prudent financial choices for the long term.