So I'm 22, and I started my investment journey a year ago. My portfolio currently consists of only an S&P500 ETF on which I invest with a DCA strategy.
I decided to start like this because I was still in college at the time and had some money left over every month from my scholarship, so I decided to every month invest that same value.
Currently I started working, but as a freelancer, every month my income varies, being always dependent on project frequency, budget available etc.
So to continue my DCA strategy I then decided to budget every one of my project payments with an investment fund in mind, being that I put away 20% of each project towards investing, but keep it in a bank account, so that I can every month invest the same amount on DCA.
That way, even if I have a month with a higher income, I only invest that same amount, and keep the rest to get me covered for slower months where less money may come in. Almost like an emergency fund for my investments.
Recently tho I've been reading about lump sum vs DCA on here and how Lump sum seems to always yield better results in the long run even if less consistent.
So I'm wondering, do you think I should change my strategy to investing that 20% of every payment regardless of value and consistency, even if it means not investing in some months and investing more on other months, or should I keep DCA so I can maintain consistency in timing and amount invested?