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Podcast: Providence Financial Retirement Show with Anthony Saccaro
Episode: Are You Invested Too Aggressively?
Description: If you're selling shares every month to pay the bills, does a #stockmarket drop hurt you or help you? It hurts, of course. If the market is down by 50%, you now have to sell twice as many shares as before and you're cannibalizing your portfolio even faster. Dollar cost averaging is a one way street. When the market is down 50% and you're buying stock, that works in your favor; but when you're selling shares, that hurts you. It's called reverse dollar cost averaging. If you have 20 or 30 years ahead of you until #retirement, you should be invested a...