DCA Strategy Question

Question

Quick question. When is the best time of the month to DCA in?  For me specifically, I’m looking to just in $200 a month.  It seems the obvious answer is to just put in $100 a paycheck each other Friday.  But with the way I fund my budget, I can put in the money anytime of the month. Does it make sense to DCA weekly instead of biweekly?  Or just whenever I feel an opportunity is there to buy in (up to my predetermined amount)?  I’m leaning towards a set schedule weekly or biweekly to create habit to try to discourage impulse buying, but wanted to hear the community’s thoughts and your strategies. Thanks!

Answer 1

I DCA on Monday and Friday. Has seemed to work well for me

Answer 2

Statistically, your best bet is as soon as funds are available.  If you wait to buy, you'll probably underperform.  This from several large studies, like Vanguard's (which seem to apply here as well).

Answer 3

Setup a fixed schedule. When you see price pull back significantly make larger one time purchases.

Swanbitcoin.com is a good place for DCA

Answer 4

You can dca daily with strike app for no fees.

Answer 5

Don't overthink it. In the long run, whether it is twice a week, once a week, or once a month, it won't make a big difference in the results.  Twice a week sounds like a lot of work unless it is fully automated.

Pick a convenient schedule and stick to it. The key is not having to think about it.

Answer 6

DCA around the bear moon

Answer 7

Doesn’t matter.

Answer 8

> When is the best time of the month to DCA in?

Only on days ending in 'y'

Answer 9

Actually, best time over the last couple of years has been the last weekend of the month, after options expiration. If you look at charts, you'll notice most months, BTC goes down or is flat the last week of every month.

Answer 10

dca weekly, day doesn't matter, or daily as time in the market beast timing the market. everything else is noise.