this post was submitted on 21 Jan 2025
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The 'dollar cost averaging' narrative started as a response to people who wanted to hoard a portion of their monthly paycheck waiting for a good time/correction to buy into the market. It's essentially a corollary of 'time in market beats timing market,' and both could be stated as 'invest it all, right now.' Especially if your horizon is 10+ years out: a few percentage points today is nothing to the doubling you can expect in a decade.