turndownsideup

Lump sum broken up in increments is a very simple portfolio of cash and equities.

There is opportunity cost of the cash (inflation is 9% currently). These don't compare the same as apple and oranges.

Mathematically, as long as equity value is always accretive (due to passive flow from pensions) lump sum does win on a raw return basis. This doesn't take account of drawdown management. (Think 3AC)

Hmm SPY weighting... 6.6% AAPL 6% MSFT 2.9% AMZN 3.9% GOOGL 1.8% TSLA

Brain dead DCA + working in tech and getting RSU / ISO re-ups every year means you're just betting only on tech.

Customization allows you to mitigate/ manage some sector risk if you want it.

Certain states are now adding this to the curriculum. The problem is that it falls under social studies and history teachers are in charge of teaching this, and they are largely under prepared.

I am actually trying to solve this problem over at https://www.getmedes.com/