TAIPEI (Taiwan News) — Taiwan Stock Exchange statistics released Wednesday showed that the number of dollar-cost averaging investment accounts for TSMC exceeded 100,000 in February, marking a new milestone.

The number of dollar-cost averaging (DCA) investment accounts for TSMC rose by 22,808 last month, reaching a record 105,535. This is the first time the figure has crossed the six-digit threshold since the launch of the investment program, per CTEE.

DCA is a simple investment strategy where individuals invest a fixed amount at regular intervals, such as monthly, to purchase a specific investment. It benefits new investors by allowing them to start with small amounts, reducing the risk of investing at high price points and lowering the entry barrier, according to J.P. Morgan.

The February rankings highlighted the top 20 stocks for DCA investments by brokerage accounts. TSMC maintained its position as the most popular stock, far ahead of its nearest competitors.

Mega Financial Holding ranked second with 30,991 accounts, followed by E.Sun Financial Holding in third with 28,967 accounts. Both saw increases of 5,300 and 4,891 accounts, respectively, in February.

Rounding out the top 10 were Foxconn, CTBC Financial Holding, First Financial Holding, Taiwan Cooperative Financial Holding, Chunghwa Telecom, Fubon Financial Holding, and Taishin Financial Holding. Each of these companies attracted between 10,000 and 20,000 DCA investment accounts last month, with increases ranging from 1,000 to 3,000 accounts.