This is excellent. There is also one more candidate advantage to increased volatility, at least during the accumulation phase: there is evidence to suggest that investors making regular contributions ought to prefer higher volatility for a given level of return. This flies in the face of finance theory, but there is some sense to it. Dollar Cost Averaging is not what an investor with a lump sum should prefer, but an accumulator with little choice can accumulate more shares of a volatile asset by virtue of being able to purchase more shares when the extremes below the mean take hold. See http://ddnum.com/articles/dollarcostaveraging.php