Dynamic Dollar-Cost Averaging.

Research suggests that lump-sum investing outperforms dollar-cost averaging. Although this may be correct, not every investor has a lump sum available to invest. For investors who must invest periodically because of their personal financial situations, some form of dollar-cost averaging may be their only alternative. This paper presents very simple, very low cost modifications to dollar-cost averaging that can improve investment returns available to those who must average. [ABSTRACT FROM AUTHOR]