Dollar-cost averaging is advice we’ve all been given. But, during a crash, or even a dip, it can be enticing to throw all your savings into an investment with hopes that it’ll quickly skyrocket back up. Is this a smart move, or would this ruin the “consistent investing” advice altogether? To help clear things up, we’ve brought on Nick Maggiulli, author of Just Keep Buying: Proven ways to save money and build your wealth.

Nick, just like Dave, has been a spreadsheet freak for a long time. They bond over their love of data and how looking at the numbers can help you make much better investing decisions. In a time where FOMO-investing, financial freak-outs, and anxious feelings toward inflation run rampant, Nick provides some soothing words on how any investor in any asset class can successfully start building wealth with little-to-no effort.

Dave, Nick, and expert guest Henry Washington also riff on REITs (real estate investment trusts), real estate investing, and advice for new investors. Whether you prefer stocks, bonds, rental properties, crypto, or a mix of all four, this episode will provide some much-needed advice for you to make it through the recession with far less stress.

In This Episode We Cover

Dollar-cost averaging and whether this investing strategy works for real estate

FOMO investing and why so many people buy at the top

The two different definitions of dollar-cost averaging and which is the better bet

Investing during an economic crash and how even uninformed investors can make money

Advice for brand new investors and why now may be the best time to invest

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Agent

Join BiggerPockets for FREE

On The Market

Join the Future of Real Estate Investing with Fundrise

Connect with Other Investors in the “On The Market” Forums

Subscribe to The “On The Market” YouTube Channel

Find an Investor Friendly Agent in Your Area

Dave’s BiggerPockets Profile

Dave’s Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Books Mentioned in the Show

Real Estate by the Numbers by Dave Meyer and J Scott

Just Keep Buying by Nick Maggiulli

Connect with Nick:

Nick's Website

Nick's Twitter

Nick's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-44

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44: FOMO Investing, REITs, and Why You Should “Just Keep Buying” w/Nick Maggiulli 49:37 Share

On The Market

Shownotes Transcript

44: FOMO Investing, REITs, and Why You Should “Just Keep Buying” w/Nick Maggiulli