Dollar cost averaging means investing the same amount at regular intervals, whether markets are up or down. You buy more units when prices are low and fewer when they're high, which smooths out your average purchase price and keeps you disciplined: time in the market rather than timing the market.

In this video, McKern financial adviser Kristian Tangan also explains how ongoing advice fees work (charged as a percentage of the assets managed, with the percentage reducing as balances grow) and whether they're tax deductible. Ongoing fees for managing investments that produce assessable income are generally deductible to whoever holds the investment, whether that's you, your company or trust, or your super fund. Fees for initial advice or a new plan generally aren't.

In this video

0:05 What is dollar cost averaging?

1:13 What do ongoing fees look like?

1:55 Can I deduct those fees from my tax?

General information only, not personal advice.