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Windfalls
Lump sums of money — expected or not — and how to deploy them effectively without falling into the psychological traps that derail most people.
What Counts as a Windfall?
Inheritances and bonuses are obvious, but windfalls come in many forms. More importantly, they all carry the same psychological traps — and the same opportunity.
Investing a Windfall: Lump Sum or Dollar-Cost Average?
Sitting on a large sum and unsure when to invest it? The data and the psychology point in different directions. Here's how to decide.