Sure let's say it happens the day after you put your last dollar in, but some of those dollars previously put in are up 1/5/10/20% depending on DCA pace. There

Sure let's say it happens the day after you put your last dollar in, but some of those dollars previously put in are up 1/5/10/20% depending on DCA pace. Therefore THOSE dollars don't experience the same loss as the last dollar which has not appreciated. Of course you are measuring that against the fact that the market generally goes up, so any dollars held outside the market are missing gains over time.