RCA is a long-term investment technique where you invest a fixed amount of money into a given investment on a regular basis, regardless of the price. Practising RCA will also help you to reduce the risks associated with investing a single large sum at an inopportune time.
As an example, you can invest RM400 monthly for 12 months, instead of investing a lump sum of RM4,800. This can be done by setting up DDA and your RM400 will buy more units when the price is low, and fewer units when the price is high.
Please click here to see how an investor can average out the cost per unit held by setting up DDA.