This morning Sunday Times published an article on a less painful way to invest.

The feeling I get at the end of this article is that it encourages more market timing rather than having an investment plan.

If you don’t have an investment plan and pre-committing to it, you are kind of investing blindly.

So this article was written by Jessica Cheam which talks about whether to use dollar cost averaging or lump sum investing.

This is a tried-and-tested formula, but a study last year by mathematics majors at mutual fund giant Vanguard put paid to this theory by offering evidence that it is better to put your money in the market all at once.

In the study, entitled "Dollar-cost averaging just means taking risk later", the firm took two sums – $1million and $20 million – and compared the historical performance of investing these amounts in dollar-cost averaging versus ...