I'm thinking of getting my hands dirty by starting off with dollar cost averaging (DCA) in a LIC.
I've also read about the idea of dollar value averaging (DVA) which seems to suggest that under certain circumstances outperforms DCA.
My concern is how practical is DVA in Australia when broker fees are taken into consideration? Since DVA might require selling or buying relatively few shares to maintain the growth and thus the
broker fees might take up a significant proportion.
Of course I understand that DCA also suffers from this but at least lengthening the time gap between the investments and increasing the periodic investment amount can reduce this effect to some extent.