The DCA Game
Dollar cost averaging (DCA) is an investment strategy in which an investor buys a fixed dollar amount of a particular asset on a regular schedule, regardless of the asset's price. The goal of dollar cost averaging is to minimize the risk of investing in a volatile asset by buying the asset over time at an average price. This strategy can also be used to maximize profits by buying more of an asset when its price is low and fewer when its price is high.
While dollar cost averaging does not guarantee profits, it can be a useful tool for mitigating risk and increasing financial literacy. By buying assets regularly, investors can learn to understand and track market trends, becoming more informed and proactive investors. Over time, this knowledge can help to increase profits while minimizing losses.