Is buying a fixed number of units on a regular schedule or is allocating a fixed amount on a regular schedule a better strategy? Firstly, I shall start off with the definition of dollar cost averaging.

buying fixed dollar amount of a particular investment on a regular schedule, regardless of the share price

Ok. So that is purchasing shares using a fixed amount. What about fixed number of units? What is that called? I dont think there is a term for it. But i will just call it Share Cost Average (SCA). For this illustration, i will use ES3 as the share to purchase. I will also make a comparison between POSB invest savers (Fixed Amount) vs standard chartered online equities trading account (Fixed Units). Assumptions 1. Share price are based on the closing price of the 1st opening day of the SG market. 2. I will allocate 300 a month ......