I'm a newer investor and I have two questions.
First question. I understand the concept of dollar cost average. I have my taxable brokerage account set to have recurring investments of $300 once a month. Would it be more efficient to do $150 every two weeks, for greater DCA, or is it negligible at that point?
I have a Roth IRA and I always max it out in one payment at the beginning of the year. Would it be better to contribute every month/two weeks instead for better DCA, or is that also negligible?
Second question. I max my Roth IRA but not my 401k. I contribute 8% currently which equals around 4-5k per year. I increase my contribution 1% each year in April to coincide with our yearly raise. Does it make sense to have a taxable brokerage account if I'm not maxing my 401k? Would it be better to forgo the taxable brokerage account and just increase my 401k contribution accordingly?
I know the taxable account has the benefit of being more liquid than the 401k, so that's probably a good reason to have it. However, I plan to "Set it and forget" with my taxable until retirement. I have no plans to sell or take money from it anytime in the near future. So the liquidity may matter less in that case.
Just looking for some thoughts.