Felix Salmon submits:

After The Big Money ran its silly attack on Suze Orman, it was criticized for its ignorant take on dollar cost averaging, and the editor, Jim Ledbetter, promised to "run a piece on the dollar cost averaging investment strategy in the coming days". The piece has now appeared, and has managed to achieve the remarkable feat of making The Big Money wrong on DCA twice, for two different and opposite reasons.

The question here is simple: if you want to build up a stock portfolio as a long term investment, what’s the best way to do so? The answer is equally simple: slowly, steadily, one piece at a time. Each month, take a fixed dollar amount, and invest it in stocks. Eventually, you’ll have lots of stocks.

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