Duration: 2:00
Managing Director Lance Gunkel explains the strategy of dollar-cost averaging (DCA) to help clients who have a large lump sum to invest. DCA can help clients avoid mistiming the market, reduce the impact of volatility, and help lessen the emotional rollercoaster of investing large lump sums. Lance explains that this strategy of spreading out investments over time has been especially helpful in down markets like in 1987, 2001, 2008, and 2020 and how it forces clients to think long-term.
Finance Moment…Syverson Strege’s mini-podcasts to provide rapid-fire information on financial topics of the day.