The Simple Dollar Morning Roundup: Sleepy Reading Edition

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I read most of these articles while feeling quite sleepy. I hope to revisit them again soon!

Online Banking: Six Features You Should Be Using My favorite aspect is simply what I call “vigilant monitoring” – I can keep a close eye on my accounts without calling my bank all of the time. (@ help your money)

How Bad Is Dollar Cost Averaging? This is a great writeup looking at dollar cost averaging over time. I think comparisons in which you compare buying stocks up front are unfair, because rarely do investors who wish to leverage risk have that kind of cash available for immediate investing. (@ the sun’s financial diary)

Executing The One Month Challenge As a blogger, this is what makes it all worthwhile. Another blogger is actually doing the one month challenge. One of my ideas is being put to the test by another blogger. Awesome. (@ we’re in debt)

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4 thoughts on “The Simple Dollar Morning Roundup: Sleepy Reading Edition

  1. Trent: I think when we talk about risk, it should be put in the context of how long you want to hold the security whether it’s a stock or mutual fund. If you only want to hold it for 1 or 2 years, then buying with lump sum involves higher risk. However, if you plan to hold it for 10, 20, or 30 years, the risk now may become opportunity when we look from the future.

  2. “I think comparisons in which you compare buying stocks up front are unfair, because rarely do investors who wish to leverage risk have that kind of cash available for immediate investing.”

    On the other hand, if it is a regular annual investment like an IRA contribution, why not plan ahead and save it up during the previous year, if you can? (My wife and I made our IRA contributions on January 3 this year–though January 5 would have been a better day to do it.)

  3. Jim: let’s say I’m starting as an investor right now and I want to invest in a Roth IRA starting immediately. Should I save for a year and forego my 2007 shelter so I can put in my $4000 at the start of 2008? It seems to me I’m better off putting money in now.

  4. Trent: Sorry it took me so long to see this. I agree you’re better off putting money in now–given the choice between making a contribution for the current year and waiting for the next, it’s generally better to invest sooner than rather than later. My point is just that it’s also good to save up for next year’s contribution so that you can make it at the beginning of the year, if you can.

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