keith

Dollar-Cost Averaging Is Complete BS

Agreed on the point of dollar cost averaging down over time. The research I have read has pointed out there is a slight advantage to lump sum. Obviously, you could be killing your self with transaction cost over time. However, averaging down (not up) on individual equites can be very rewarding. If you take a position in an equity and the market has over reacted for some reason, but your thesis has not altered.....why not buy more?