Yes—and there is every reason to start investing monthly already today.
Everyone knows that you should buy low and sell high. But in reality, it’s tough to know when to buy and sell. It is difficult to “time” the market.
In general, it certainly makes sense to invest a more substantial sum at once. Still, there are many good reasons for investing monthly instead.
Imagine that you happen to invest a large sum at once—right before the market crashes. While there are reasons to believe that the stock market will recover, this will still be a very stressful experience to most.
By investing monthly, you avoid this ordeal altogether. In fact, you can expect a smoother portfolio growth. Thereby you also reduce the risk of buying at the top only to later having to sell at the bottom.
Then we must not forget that most people don’t have large sums of money, to begin with. Luckily, most can afford to invest a smaller amount every month.
Now I have only discussed some of the reasons for investing monthly in stocks. But the same is also true of investing regularly in gold. The logic of compound interest also works with gold.
Say you invest 100€ in gold every month for the next 20 years. Assuming that the gold price continues to rise as it has done over the past fifty years (on average by 10% per year), then you can make a small fortune worth 72,360€.
Once you have saved up to 100 grams of gold, you can also withdraw it—or keep it safe and secure in Voima’s vault.
How do you start to save monthly in gold? Here’s how:
1. Create a Voima account.
2. Make it a habit to deposit money regularly.
3. Use your funds every month to buy the amount of gold you want.
Since you can buy micrograms of gold, virtually everyone can afford to buy at least some gold every month.
The views expressed on Voima Insight are those of the author(s) and do not necessarily reflect the official views or position of Voima Gold.
You are allowed to copy our content, in whole or in part, provided that you give Voima Gold proper credit and include the appropriate URL. The name Voima Insight and a link to the original post must be included in your introduction. All other rights are reserved. Voima Gold reserves the right to withdraw the permission to copy content for any or all websites at any time.
Nothing written in Voima’s blog or website constitutes investment, legal, tax, or other advice. It should not be used as the basis for any investment decision(s) which a reader thereof may be considering. The purpose of Voima’s blog is to provide objective, educational and interesting commentary and is not intended to constitute an offer, solicitation or invitation for investing in or trading gold.