If you have been watching the news recently you probably saw that the yield curve has gone negative! Looking at past trends, this has nine times out of ten indicated a coming recession! Yikes!
I like recessions though! Stocks are on sale and sector ETFs are cheap! My technique is to use dollar cost averaging during periods of uncertainty.
The best way I have found to use this method of investing is to use M1 Finance. It allows you to set up automatic investing on a weekly, monthly, or bimonthly basis. Or you can just set up one time deposits depending on what you want to do. I personally think its a neat feature because I use the application passively and automatic withdrawals from my checking account to M1 Finance streamlines things with my budget. Using this platform is free! No fees!
(You can also use Robinhood, which is also free. However, they don't allow you to purchase fractional shares like M1 Finance)
In the coming months, I'll be sharing other ways to grow your wealth and save your money by paying little to no fees. I'm not sponsored by any of these companies nor am I a financial advisor. I'm merely sharing what I've done and how I am able to continually grow my net worth significantly each month.
For more information on M1 Finance and Robinhood.
Comment with your investment platform of choice!
