Dollar-cost averaging vs lump-sum approach

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#1
Interesting article:

http://www.theglobeandmail.com/globe-inv...le8408480/

In his book Debunkery, Ken Fisher, head of U.S. money management firm Fisher Investments, concluded dollar-cost averaging (DCA) “really only helps if you know there’s a falling market ahead. And if you could forecast that accurately, what do you need DCA for?” What’s more, with DCA there are often higher transaction costs.
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