LogFAQs > #962133181

Oh interesting. Guess I've misunderstood the term for ages!

But uh, I guess the conclusion is the same. DCA is a suboptimal strategy. The recommended advice always given (assuming you cannot time the market) is to maximize the amount of money you have in the market at all times. Buy when stocks are down, buy when they are up, buy whenever you have money to put in. I guess this is "lump sum" investing if you have a big lump sum to invest, but if you have already invested most of your money this looks a lot of like investing at regular intervals because you invest more when you get paid from work.