X and Y decided to buy a very volatile stock. X decides to plunge right in and $750 worth of shares Day 1. Y decides a dollar cost average $150 every 3 moths. Here are the stock's prices over the time period.
Day 1 $30 per share
3 months later $20 per share
3 months later $30 per share
3 months later $15 per share
3 months later $50 per share
Whore fared better X or Y How come?