Value averaging (VA) is said to be outperforming dollar cost averaging (DCA) most of the time. But, as far as I know, most financial articles don't concern about the impact of back-end fee on VA strategy.
VA requires you to sell some of fund shares when the market value of portfolio exceeds the target value. The back-end fee has an impact on this point, the more you sell fund shares to adjust the portfolio, the more profit you will lost.
So, now this is the question: Which strategy, DCA & VA, is better in the long run when we concern about the back-end fee?
Thanks for the answers :)