In this episode, Hazel delves into the concept of pound cost averaging (or dollar cost averaging) as a powerful investment strategy that allows individuals to take control of their finances. By consistently investing a fixed amount into a chosen investment vehicle, such as stocks or cryptocurrencies, on a regular schedule, investors can mitigate the impact of market volatility.

KEY TAKEAWAYS

• Understanding Pound Cost Averaging: This investment strategy involves consistently investing a fixed amount of money into a particular asset at regular intervals, regardless of the asset's price fluctuations. This approach helps to mitigate the impact of market volatility.
• Automate Your Investments: Setting up automated payments into your chosen investment vehicle can simplify the process and ensure that you consistently invest without having to think about it each time.
• Long-Term Focus: It's important to adopt a long-term perspective when using this strategy. Regularly checking the performance of your investments should be done infrequently to avoid emotional decision-making based on short-term market movements.
• Building a Diverse Portfolio: Once comfortable with the process, investors can apply the same strategy to multiple investment vehicles, allowing for the creation of a diversified portfolio over time.

BEST MOMENTS
"The principle is very simple... it's just that you are now in control. You get to decide where you put your cash."

"Pound Cost Averaging evens out the big swings, the big highs and lows that can come in the market."

"By pound cost averaging, we made a 37.2% gain... in a year, especially because the market was going wobble, up and down."

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

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