Why I Dollar Cost Average (DCA) into a themed basket

Investing in the stock market can be a thrilling experience, especially when you're able to buy and sell individual stocks quickly and easily. However, as I learned during the pandemic, it can also be incredibly stressful and financially costly.

At the start of the pandemic, I found myself with a lot of free time on my hands and decided to dabble in the stock market through Robinhood. I started buying individual stocks that seemed promising and selling them when they went up, hoping to make a quick profit. At first, it was exciting to see my portfolio grow, but then things started to go south.

I found myself losing money left and right, and I couldn't keep up with the amount of research necessary to make informed decisions. The constant stress of checking my stocks' prices and making quick decisions left me feeling burnt out and exhausted.

It wasn't until I discovered dollar-cost averaging and themed baskets that I finally found a more relaxed and stress-free approach to investing.

Dollar-cost averaging involves investing a fixed amount of money at regular intervals, such as monthly, regardless of the stock's current price. This approach helps to mitigate the risks of investing in individual stocks, as it spreads out the investment over time and can smooth out market fluctuations.

Themed baskets, on the other hand, are collections of stocks that are grouped together based on a specific theme or trend. These baskets can range from industries like renewable energy or healthcare to trends like cybersecurity or e-commerce.

By investing in a themed basket using the Share App (https://www.tryshare.app), I could invest in a specific industry or trend without needing to research individual companies. It also helped me diversify my portfolio, which reduced my overall risk.

The combination of dollar-cost averaging and themed baskets has made investing a much more relaxed and enjoyable experience for me. I no longer need to constantly check my stocks or worry about making the wrong decision. Instead, I can sit back and watch my portfolio grow over time, knowing that I'm investing in a smart and informed way.

In conclusion, while buying and selling individual stocks can be thrilling, it's not always the best option, especially if you lack the time or resources to do thorough research. Dollar-cost averaging and themed baskets offer a more relaxed and stress-free approach to investing while still allowing you to achieve your financial goals.