One initial alternative to cash is to hold the capital in bonds. This is in line with the intuitive notion of beginning in a low risk profile and moving gradually to a higher one. While this improves the frequency of outperformance of DCA historically, it does little to improve the expected...
for instance, have a long and abiding tradition of public service and hard work in their family tree, producing, four generations later, a senator (Jay), a well-respected religion professor at Middlebury (Steven), and a well-loved doctor in Portland, Maine (Dick). But watching many of the...