Will it be problematic to calculate my cost basis since I invest in a three funds once each month?
Is using dollar cost avergaing in a taxable account a bad idea?
It shouldn't be. Dollar cost averaging is the way to go if you have a lump sum of uninvested cash. Just track your purchases on a simple excel spreadsheet, and just use an average cost basis for tracking your gains and losses.
Reply:Most brokerage and mutual fund companies will keep track of your cost basis for you, so it shouldn't really effect your decision to DCA.
Reply:it can be, the averaging basis can be lower that real number and your pay a higher tax in some situations
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