In this post I will be discussing a concept known as Dollar Cost Averaging. Be prepared to change your perspective..
You may follow my content if you are serious about changing your life!
It's no joke. The title is very accurate with regards to making ton of money using even $1!
I don't want to waste to much time rambling, let's get straight into it!
DOLLAR COST AVERAGING
It's a concept designed to beat volatility of the market conditions.. In simple terms, it's the closest the to "BULLETPROOF" that you can use in terms of risk.
See, everything in life works based upon the Law Of Averages. By using this technique, you are basically accommodating for this law even more!
I have done a ton of research on investing, wealth creation, and expansion in my life so far, and the number one most powerful, and influential conclusion I was able to find was the power of REGULAR INPUT. Now, when I talk about these concepts, don't just limit yourself by only applying them to investing.. These are based upon the building foundations of most aspects in life! However, in this particular article, I will use it for investing :)
So, to put that into investing terms.. The most powerful key to successful wealth creation is regular, consistent contributions!
I will show you examples to compare to this concept.
Most people would take a sum of money, not know what to do so just put it into something that will grow the money (Which is a great thing!). The problem is that they only do it once. Then they are not satisfied that their portfolio isn't increasing in size as fast as they'd like it to.
Let's say you put away $1000 into something that will grow at 40% per year (Very achievable)
Here's what you will have after 15 years:
Cool right? You have made a great amount on that $1000..
But look what happens if you start with only $100.. And decide to put away $100 every month..
Here's what you will have after 15 years:
And you started with a FAR smaller balance.
Remember I mentioned you can create wealth with as little as $1? Let me show you :)
Let's say you decide to put away $1 per month for 50 years at 40%.. It's achievable with patience. Who doesn't have a spare $1 LOL!
Get ready..
Through consistency, over 50 years, with using just $1 you can make more than $750 Million.
And it's multipliable with they more you decide to regularly invest. If you put away just $10 monthly using the same formula, you can equate to over $7.5 Billion. $100 monthly would equate to $75 Billion. And it is realistic since Warren Buffet has been able to equate to over $150 Billion already. (His net worth + Donations) NUFF SAID. Time and consistency is an essence. I hope you were able to take value out of my content. I believe my information if life-changing and should be shared with many others. With that being said, I would really appreciate it if you shared this content with those who need it most! Resteem too :) Don't Forget To Upvote, and Comment your opinion! My main Instagram account just hit 35.2K+ Followers. Check it out HERE! You Can Follow Your Boy Here @ENAZWAHSDARB (310+ Amazing Followers Strong)
This is by far one of the best investing posts i have seen here. I recently discovered the phenomenon of consistency by accident and i must say it works 100%. Consistency is key in everything in life. Especially when it comes to investing. If you are consistent it does not matter if you bought a high,because you will also be buying at every low that comes thereafter. Correctly scaled this advise is pure gold.
Upvoted and resteemed.
Advise for you: don't let your voting power get below 80% as it will take more time to recover..
Great comment brother. It's comments like these that make me super thrilled! Whenever I search for financial advice almost anywhere online, all I find is just the basic crap. No one goes into the depth where the fire sits. I think a part of that is because the information is so valuable.
So over the years, I have been able to come to my own conclusions with these topics. Finding out what works, and what doesn't. But more importantly, identifying the natural laws that associate with each one.
Everything in life is interlinked. That's why there are just so many analogies out there. That's also why, when you are able to understand these natural laws, you have the true power to concur anything.
You are right :) Correctly scaled, this advice is pure gold! All that power is held in the term 'correctly scaled'. Just like in everything in life, you will have those who use the information, those who ponder, and those that just store.. It's all about focus at the end of the day :)
And thanks for that advice. I honestly didn't realize it would have a negative compounding effect, the lower the power got :)
If you find value in my content, check my newer posts! I am posting at least daily. Talk soon :)
I will check out your new stuff. Hope to talk soon. Have a great day ;-)
So much wise words.
I just do not understand why the author of such an awesome post is powering down 650 Steem Power.
Thank you for your kind words! Appreciate the fact that you liked the content!
I am honestly just experimenting :) Quite frankly, I'm just storing some Steem until we start seeing price go down again, so that I can convert to SBD for just some fun profit. Nothing serious.
I don't think I'll take this investment to seriously until I have like 50k SP anyways.. It's not worth it. Rather just grind :)
Can you explain with more details? Its not just fun profit, its money.
How can you make profit with steem if its always more pricey than SBD?
1 - SBD is 1 USD, rougly.
So even when Steem falls behind 1 USD what you do next? Just exchange to SBD to say you made fun profit?
So its just a backup basically? Steem falls down and you buy SBD which is always 1 USD, is that your plan? :)
Okay, so just a general rule of thumb..
When Steem price is rising, you should have Steem. When Steem price is dropping, you should convert to SBD as soon as possible until it's lower. Then when Steem price is lower, you can convert it for more Steem than previously, but your account value is still the same. Then when price goes back up, you will make profit.
Right, simple. Thanks.
Glad you understand :) Nothing complicated you see? :P
Yes.. I see, sir
You didn't mention how the 40% is created :)
I will leave that for a future post :) Otherwise it's way too much info in one post haha! Stay in touch, I will post something like that soon
If I can achieve 5 resteems on this post, I will reveal it in the next post :)
Whats up, I will resteem and Upvote now.
Lets get that other post.
Brother, you're a flipping beast. Can't describe it right now. Thank you for your support. I will always remember the OG's when I was starting.
Next post coming up with the beans!
hahah good stuff waitin on those beans!
They are up and posted as scheduled :)
Good work bro. I took a look and you hit the nail on the head with that post.
The pressure is on.. xD
Excellent post and explanations! However 40% is just a biiittt optimistic haha
Thanks. Haha, everyone has that opinion when reading this information. That why I made an update post telling people where they can invest to get that ROI. You go check it out :)
Hm this will take almost 100 years to become rich with 01 dollar rich program.....
Uhm.. How rich is your 'rich'? I clearly showed in the post how the $1 concept will become $750 Million over 50 years.. That's a lot. Did you read the post? :P If not, I recommend doing so :) It reveals a lot! Thanks for stopping by regardless!
Thanks for the shoutout @enazwahsdarb. I'm glad to see you covered the concept of DCA in more detail. For all interested, Tony Robbins tells a story of a mailman who saved 20% every year and put that money into the stock market, untouched. After 40 years he had 80 million dollars or some astronomical number to that effect.
Thanks brother!
Yeah, I see. Wow. I completely retract what I said. None of these mentions or comments came up as notifications on my profile. My apologies my man. Let the record show I am redacting my previous comment.
I forgive you :) Just trying to keep positive vibes here! What can you do but laugh hey :P
Yeah, is there a way to get every mention on steemit to come up as a notification? They did not even show me you responded to my comment!
I'm not sure actually. I have also noticed lately that I am not getting notified with replies at all in the last few days.
Basically all I do know is refresh the 'replies' tab on my profile every few minutes to see who has replied. Hope that helps :)
PS. If I achieve 5 resteems on this post, I will reveal what I think are the best investments to achieve higher yields (Like everyone is asking LOL).
I am not sure if you cover index funds as 401k options over managed funds by major investment companies. The lesser expense ratio of index funds can earn you an extra 1% a year. Within the options that one's employer provides, there are always market mirroring index funds one can move into instead of the ones they automatically put you in.
Zane maybe edit this one now.. seems out of place.
Haha true brother. Thanks :)
Much better :) And only my pleasure my dude! It's insane. Just shows you that it's purely mentality. So long as a person has an income, they have no excuse :)
Good concept! Keep it simple!
Exactly that :) Most people get lost in their own work because they try and over complicate things.. I believe focus is what creates results in life. But how can one focus on something if they are losing themselves :P
There's a acronym I use: K.I.S.S - Keep It Stupid Simple :)
Lol! Yes me too! I didn't wanna offend!
If a person gets offended by that, then they are way too sensitive :D I don't really like to sympathize too much.. Instead, rather to keep things real and help people change for the better! :)
Yes, consistency is the key to success in many areas of life. Consistency is hard to achieve for lots of folks due to character flaws. Distractions, insecurity in oneself and time are the biggest holdbacks to consistency. But even if a person is consistent, but running out of time...then what does one do? Just wondering? !
Good question. That is very intense towards thought..
The thing is, everyone is always running out of time. The part that is detrimental to most people isn't the fact that the time is running out, but rather the fact that that's what they are focusing on.
Everyone has the choice to simply give-up, or decide no matter what, they are going to keep on pushing until the very last breath.
I think about this mostly when I think about people who consider themselves 'old'. Those people are mostly aged 60 or older.. THEY consider THEMSELVES old. However, my opinion is that that still have 40 years left until they are potentially 100 years old. Many people are able to live until that age, but limit their life-spansimply because they accept their so called 'fate'.
To answer your question, I don't think time should ever be a deciding factor. Whether you are 10 years old, or 80 years old. Because, sure the older person could not have as much time left, but who knows if the 10 year old won't die today by accident..
Thanks for your comment :) I love it when people get me thinking!
Wow, 40%...now I'm interested in learning more about that. I just followed you, so I'm looking forward to that post about your 40% annual rate, but more so, that 100% per year "effortlessly"!
Thanks! I am glad you found value in my content :) That is really the bulk of what I strive for! It appears many of you are very interested on that topic of how I actually invest :) I will inform you all soon :) I think if I can achieve 5 resteems on this post, I will reveal the info in my very next post!
I wouldn't go as far as to say 40% is achievable every year. In the cryptocurrency market it seems to be. But it can't last for ever. Because if you apply that 40% to 100 billion and 50 years... Yeah, I won't even start calculating how many..I don't even know what that count is much more than thousands of trillions.
However, I like to take a more cautions stance on this. 8% is achievable for anyone. That won't make you a millionaire with 1 dollar, but it will make you a millionaire with 1000 dollars a month in a few decades. You can even make 8-12%, but when you go above those sums it get rather hard. You might be able to pull of 40% for a few years if you're lucky, but eventually averages start hitting you.
I've discussed compound interest multiple times in my articles and I like using the 8% value, because that can be achieved by multiple index funds in many countries.
Haha I thought your reaction would be such.
It is what many other people were saying in this post. That's why I made THIS POST to tell what investments can give a decent return of at least 40% :)
The number of get rich quick sh*t posts around here is way too high. 😕
Crypto is useful. That's its value. Can we please use this thing for something other than posts that after clearly click bait?
Are you trying to imply that I am promoting getting rich quick?
I believe it was Jim Rohn who said, "Most people are afraid of getting rich quick.. But tell me a person who wants to get rich slow." :P I think it's a funny quote that says a lot haha!
Besides, if anything I am promoting slow wealth in this article. I am explaining how over a 50 YEAR PERIOD you can obtain wealth :P
And I agree, crypto-currency investing is a very promising potential investment.
I urge @forexbrokr and @deanlogic to do some research into some more lucrative investments, 40% a year is most definitely achievable and I believe @enazwahsdarb is onto something
Great post and thanks for the dollar average I asked for (Legendary Channel Guys)
I look forward to your next post about that 40% or more..
Keep up the good work!!!
Sure you can do 40%. But you can't do it consistently for 15 years.
You're better up finding 5% low risk for 15 years straight, than doing 40% up 1 year then down 40% the next.
Consistent 40% for 15 years isn't even something that the top hedge funds hit.
I say it again. Come on man...
5%??? Im dying of laughter but sorry. My bank offers me 11% on my fixed deposit... guaranteed! (Obviously I won't get such a high return with a 1$ account)
And once again, it comes down to risk. Your bank pays a high interest rate, because your economy is up shit creek. They are poorly rated and as a result contain RISK.
This is the entire point. If you do 11% every year for 14 years and then lose 99% on the 15th year, then it is not worthwhile.
@longfield98 does not use South African banks - neither do I
Our banks pay us these rates because this is what normal is.
I dont want to tell you what to do with your money @forexbrokr but if you cannot find these deals i suppose you are looking in the wrong place.
Risk.
That's because the Hedge Funds are keeping 80-90% of the profit xD Why do you think they are so big..
40% over 15 years is definitely doable LOL. I'm not going to spill the beans, but one of the methods is in your very name! Forex traders make MUCH HIGHER returns than 40%. If a trader is making less than 40% in a year, they don't know how trade. Just being real. I have achieved far better results than 40% over the past few years.
People need to accept the fact that the world is changing, and these things are doable nowadays. If it was 50 years ago, then sure, I would agree that 40% would've been tough to achieve.. But not now.
Just look at Bitcoin lol.
I think if I can achieve 5 resteems on this post, I will reveal the info in my very next post!
Thank you! I am glad you were able to take some value :) If enough people ask me for the investment info, I will most probably make a post about that in the near future. Thanks for being consistent :) Talk soon!
Buying over time? Not a bad idea. I'm just soooo impatient trader :(
Don't worry my brother, I am with you on that one! Patience is definitely not my strongest characteristic.. :P But, at the same time, I have accepted the reality of what needs to be done too. I know that impatience will not serve me very well, so I am conditioning myself to do what needs to be done :)
Thanks for stopping by! I appreciate you! Keep up the awesome beer content. Glad we connected. Talk later :)
If you think this could help others, then feel free to resteem :)
This post received a 2.9% upvote from @randowhale thanks to @enazwahsdarb! For more information, click here!
Sure.
It most definitely is
Well, explain it then.
What are the investments to do to make 40% return every year guaranteed?
Cleary you haven't done much research on any investments. Nothing is guaranteed in life unfortunately. I have had safe investments make 20 % ROI PA and some rather risky ones do well over 100% in less than 6 months. If you want something bad enough it can happen. Where there is a will there is a way.
No, I haven't done a ton of investment research, but I know that "rock solid 40% return for 15 years" seems like snake oil.
Maybe you want to share your investments.
My current safe investment has never not made me profit in a single given day in 3 years :) and last year it produced 50% xD And that's the safest investment I currently have.. Every single day it's had a small profit :)
Again, I will reveal some decent decisions in a following post :)
My current riskier investment (Still fairly consistent on lower balances, low being $50K and under) produces on average about 480% per year :)
It is very achievable. I am able to get well over 100% per year almost effortlessly nowadays. No joke :)
I would just like to add, the reason most people fail at investing is because they approach things with the wrong mindset. Nothing can be guaranteed. If you are doing anything with that mindset, I'm sorry but it's a fact that anybody who does that is planning to fail. There is risk in everything, but I am being truthful when I say it is definitely possible.
I didn't explain the list of different ways to achieve that return in this post simply because it would make the post way too much info and information overload LOL! :P
Just let me know if you would like me to relate a future post about it :)
Okay.... we are half way thru the year. Write a post with the title:
"How I will make a 20% return for the rest of the year."
Tell us how much you are investing.
What you are investing in and be as specific as possible.
Then, we can all follow along in your investments to see you get that return.
Oh my.. In detail.. I think that's going to be a long post :D
I will try my best to explain as in depth as possible my man! :) But holy shit this is a lot of work to put this info into words xD
Well, either it is almost effortless or it is a lot of work.
Haha that's true actually if you think about it :)
Bulletproof at 40% a year?
Come on man...
I'm wondering why every stock broker hasn't made this guarantee on their portfolio.
They do. They're just the high risk ones that go up 40% one year and then back it up with a down 40% the next.
LOL!
Just make sure you get in and out on the right years.
No one said the word 'guarantee'. Any broker that says something like that is foolish and you should not listen to what they tell you xD I also never said it is bulletproof. I mentioned that it is the CLOSEST thing to being bulletproof. Not in terms that it won't ever lose money, but in the sense that dollar cost averaging eliminates that risk over the long term.
It's one of the few concepts that Warren Buffet lives by.
Don't backtrack now :P
Haha naa man, I understand what you're saying and it's good. Keep the quality posts coming!
I appreciate that dearly! :)
Warren Buffet picked a dozen winners back in the 80s and made a ton of money. Then he used that leverage to get laws past in order to hurt family businesses. Then his company either sells insurance to those family businesses or buys them for pennies on the dollar when the tax man comes collecting. This is why he is all of rich people paying more taxes and inheritance taxes, it benefits his company. Of course, he hedges his earnings so that he pays the least amount of taxes possible, while making his secretary pay more. If he believed his tripe, he would pay his secretary the same way he pays himself.
I don't like to get too in-depth in detail when I study these bigger guys. When I study billionaires, I like to look at the overall, simple outlook to what it is they do. So yeah, I am going to leave it at that in terms of what you are saying.. Hope that makes sense :)
I think I will reveal the info in my very next post if I can achieve 5 resteems on this post :) How does that sound?
1 resteem from me
I appreciate that brother :)
The other posts have been made :)
I must say I'm impressed you knew this off hand. Great stuff
No, obviously the return isn't bulletproof, but rather the concept. I just used 40% as an example because it really also show the power of exponential growth over the longer periods.
Besides, I'm not saying any typical person can achieve that return by just dumping their money into anything, but I am very confident that I can achieve at least 40% return for the next 50 years. Obviously the returns also degrade the bigger your capital sum.
Warren Buffet says that he is super confident in the fact that if he had to start with just $1 million again, he could quite easily get 100% per year. But obviously, since he has now over $70 billion to play with, he has to be a lot safer.
There's plenty of value in compounding and adding into your compounding investment to top it up. You've presented the concept well and I've taken a lot of value out of that aspect.
Let us know your 40% a year investment info and maybe I'll change my mind. I'm all for big money investments, I've just been around the industry for long enough to know that those returns carry huge rusk and inconsistencies haha!
Thanks! I appreciate that. It makes all the effort so worth it when I get to here the positive feedback that others are able to learn :) Nothing makes me happier!
I will make the post for you guys :)
If you truly do trade then im sure you know 40% a year...? Please :P
Again mate, it's all about risk.
This post has received a 1.86 % upvote from @booster thanks to: @enazwahsdarb.
@enazwahsdarb - The comments section of this post has to be the most entertainment of my life. Can we please let them know as to how you can achieve a 40% ROI PA. I mostly think its because the majority of them live in the USA where a bank giving you 4% is great. Here we complain if our interest rate is below 7% with Africanbanks fixed deposit giving up to 14% (no lower than 11%) provided you have 80000USD invested in a fixed deposit. (Keep in mind this is guaranteed from a bank!)
HAHA exactly!! I appreciate every single person's opinion :) I love the feedback and in the end, helping others!
As soon as I can achieve 5 resteems, I will reveal the info in the next post :)
Are you actually saying that African bank interest is a good investment? I just... yeah I'm done there.
You should look into Greek government bonds and loading up on the Iraqi Dinar while it's low. You'd be able to do WELL OVER 40% on those investments.
Disclaimer: Returns WILL NOT be achieved at 40% for 15 years straight.
No, I'm definitely not saying they are good investments. Im saying they are good compared to what banks in the USA will give you :)
Where do you invest your money and why - @forexbrokr
I feel as if the hype on this info is unreal ;)
I'm all in on my leveraged trading account with a broker based in the Seychelles, long Greek bonds.
Send me your credit card details and I'll hook you up too!!
Let me see if I understand, it's like a savings account?
I invite you to go through my blog, maybe it's to your liking!
Nope. It was just a concept, or more a strategy to create wealth easily. No accounts yet. That i am talkong about in my next post.
Look if you find a savings account with 40% ROI let me know...
FCK YEAH BROTHA! Resteemed and promoted. This is some mind-blowing shz!
Wow I'm glad you are so hyped! I hope you were able to take some value out of it :) Thanks for sharing!! I have made my continuation post on this one as my latest post. You are welcome to go and read it :)
Congratulations @enazwahsdarb!
Your post was mentioned in my hit parade in the following category:
Wow thanks! And now it's almost at 100.. :D
Some people are so poor, the only thing they have is money. Good post, by the way.
Wow that's deep :D But to an extent, very true. Many people determine success by the amount of money you have, and it's those people who will also never be satisfied! Thanks for your comment :)
You received a 3.00 Upvote from @worldclassplayer
The Dream is STEEM ON
Thanks bud.