A schedule reduces emotion — it does not fix a bad asset.
| Concept | Explanation | |---|---| | Lump-sum investing | Deploys available capital immediately. | | Dollar-cost averaging | Invests fixed amounts over time. | | Timing risk | Risk of investing before an adverse move. | | Opportunity cost | Gradual deployment may miss market gains. | | Behavioral benefit | A schedule can reduce emotional timing decisions. | | Thesis requirement | Periodic investing does not make a poor asset attractive. |