It seems beginning investment books always teach dollar-cost-averaging. While there are far worse things you can do with your money, I see little reason for anyone to use dollar-cost-averaging. My August column at Physician’s Money Digest addresses the subject this month in a piece called Dollar Cost Averaging Is For Wimps. Here’s an excerpt:
What do you think? Do you routinely dollar-cost-average in lump sums? Why or why not? Comment below!