Invest in Amazon?

So, the latest talks have been about what stocks to purchase. From Amazon, Tesla, etc. We all know these are great companies to invest in. But the more important question is when to invest in them.

As non-profit donations decrease due to COVID-19, a lot of them are looking for other ways to increase incoming funds. For example, a lot of entities are looking to their investment portfolios for assistance. And I think this is a smart move to not depend upon one or two avenues of revenue.

When it comes to investments, I always play the long game because you never know what is around the corner. I know this might sound like someone who is looking for the negative. But I think it is important to prepare for the worst and hope for the best.

Investments are like life jackets, you don’t want to ever you use them, but it is always good to have them there.

With that being said, I like the investment method that Tony Robbins talks about in his book, Money Master the Game:  Dollar Cost Averaging. Essentially, According to Investopedia, dollar-cost averaging is an investment technique buying a fixed dollar amount of a particular investment of a particular investment on a regular schedule, regardless of the share price. The reason why I like this method is because it takes away the guest work of investing. Yes, you can be a Warren Buffett or Ray Dalio, but if you are professor at a college and a teacher at a school, you might have the time to research what’s the best stocks. And dollar coast averaging works for me

With all the options to invest, whether it’s real estate, day trading, etc.; it can be difficult to determine which one works best for you. As I AM NOT a financial advisor, I can not give you financial advice on what you should do. This post is simply to tell you the method I started with.

Takeaways:

Find was to increase your investments, even if it is just a dollar a day. This will help you personally and in business. It helps personally because you have more assets. It’ll help you in business when it comes to obtaining a business loan and the question comes to your business assets.

~  Attorney Ronnie O’Brien Rice, Ph.D.

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Location: Birmingham, AL, USA

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