Is Dollar Cost Averaging (DCA) a good idea?
One of the time-honored investment methods, dollar cost averaging investment strategy (DCA) is a sustainable way to stay invested in the market for a long period of time. As Burton Malkiel, the renowned economist and author of “A Random Walk Down Wall Street” put it:
Invest, but not all at once. Ease it into the market over time in equal installments at regular intervals.
-Burton Malkiel, A Random Walk Down Wall Street