Rory Gillen has made a contribution to a debate on another thread, where the question of dollar cost averaging was being debated. In it, he said that
"The comment made earlier that 'The returns from dollar cost averaging are most likely to be less than a lump sum invested' is mis-leading and most probably plain incorrect" (it was Rory who chose to highlight that passage BTW, not me). He then goes on to give the "correct" answer.
See full thread at
http://www.askaboutmoney.com/showthread.php?t=49429&page=2
Unfortunately, it is Rory who is ''plain incorrect'', as made clear on the thread.
Everyone gets things wrong - even stockbrokers and benevolent harbingers of stock market education like Rory. I mention it here because Rory's seminar apparently dwells on the godsend that is DCA. He has written glowingly on its benefits in the past, in Irish Times articles as well as in AAM.
Considering that he wholeheartedly recommends it to clients who have paid the best part of a grand for a one-day seminar, I thought it relevant to bring up the issue here.
What's the story Rory? Are you not aware that DCA has been proven to cut people's market returns? Or do you choose not to tell them? If so, why? In a nutshell, are you the duped or the duper?
Assuming the former is the case - your reply on the aforementioned AAM thread seemed full of genuine if misguided conviction - I suggest you check out the subject more fully. Once you've seen that the benefits of DCA are more psychological than financial, perhaps you will say as much to future iltb customers. Until you do so, your seminars face a pretty big credibility issue.