Lump sum invests available capital immediately. Dollar-cost averaging moves it into markets over a planned schedule.
OUR METHODSources → assumptions → European context → verdict
The mathematical case
Because markets have historically risen more often than they fell over long periods, investing earlier has usually had the higher expected return.
The behavioural case
Staging an investment can reduce regret and make it easier to begin, but it also leaves capital out of the market.
Create a rule
If using DCA, set the amount and completion date in advance. Do not extend the schedule every time headlines feel uncomfortable.
Educational illustration only—not personal financial, tax or investment advice. Tax, salary, broker and market figures change; verify current local information before acting.