Steadfast Finances

 Buy on the Dips, Index Funds, Investing 101         11 comments

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On March 9, 2009, the stock market closed at it’s lowest level in over a decade. The doom and gloom news factories were pumping out negativity as loudly as it could because that was what “people wanted to hear.”
You couldn’t pick up a newspaper, click to highly trafficked website, or …

 Buy on the Dips, Index Funds, Investing 101         8 comments

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Several folks have asked me over the last few weeks what does phrase “buy on the dips” actually mean.
The official Investopedia definition is:
A slang phrase regarding the practice of purchasing stocks following a decline in prices. After a significant dip in the price of a security or stock index, investors should increase positions …

 Buy on the Dips, Investing 101         4 comments

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You’ve probably heard the phrase “This is a trader’s market!” so many times that you’re sick of hearing it.
If you’re an investor, the concept trader’s market probably doesn’t mean that much to you since you’re buying stocks for the long haul by dollar cost averaging into the market.
But, that doesn’t …

 Administration, Index Funds         No comments

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I received a few questions this week from folks asking if they should continue to buy stocks or wait for another pullback after the recent run up in the S&P 500.  For those out of the know, we’re up 35% or so from the March lows.
The simple answer is still:  …

 Index Funds, Investing 101, Retirement, Roth IRA         5 comments

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Nearly every day, I hear or read about the phrase “dollar cost averaging“.  Rarely, will an actual definition or chart accompany this phrase.
Wikipedia defines it as:
Dollar cost averaging is the practice of investing a fixed dollar amount at regular intervals (such as monthly) in a particular investment or portfolio, regardless …