Dollar Cost Average EVERYTHING

The secret to a peaceful and stress-free life is to stop gaming the system

Bugs Bunny Money GIF by Looney Tunes

Gif by looneytunes on Giphy

Don’t worry. Be happy.

Easier said than done, right?

Maybe.

You can also choose to say it, and then do it.

If you’re like me and you’ve found yourself picking a “spotter” vehicle in bumper-to-bumper traffic to measure weather your lane is going faster than that other lane, then this one is for you.

With all-out war in the Middle East (again), I’ve found myself going crazy trying to game the gas pump. It’s usually not terribly difficult to time things right and save a few bucks, but this week it’s all-out impossible.

I filled up half a tank to “wait it out”, so I thought, meanwhile prices jump 50 cents a gallon overnight.

Then I see that the price of a barrel of crude jumped from mid $60s to over $100 this past weekend… might as well fill up now and just suck it up. It ain’t going down anytime soon (until they sort out the shipping mess in the Persian Gulf).

It’s so much more peaceful of a lifestyle to fill up when I need gas, whenever and wherever that may be.

“Dollar Cost Average” as a way of life

When you’re buying stocks, you can take one of two paths.

The first is the “hair pulling” method where you try and buy low, timing the market dips to get maximum value. Inevitably you guess wrong and pull your hair out in frustration.

The second is the “Dollar Cost Average” method. This is where you consistently buy, no matter what the price is.

This week I realized you can Dollar Cost Average pretty much anything.

The price of gas – buy it when you need it, not where and when it’s cheapest. Be grateful that we live in such abundance that gas is available everywhere.

Which lane you’re in at the grocery store – don’t worry about that one guy who’s buying a couple of carts worth for a family of seven… enjoy the sweet 80’s pop music over the PA and wait it out.

Investing – don’t micro-manage your portfolio, just keep putting money in consistently. Pick a fund and maybe a few individual stocks, make a commitment, and then pay it like the light bill.

Dollar Cost Averaging everything in your life changes your stress level.

Are you in?

Onward and upward,
Simon Trask

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