Introduction

Dollar cost averaging1 is a system whereby you invest a fixed amount in an asset at a regular interval. The intent is to buy more of that asset when its price is lower. This permits you to obtain a lower average price than if you bought a fixed quantity of that asset at each interval.

Long Term Distortions: Inflation & Equity Growth

Summary

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For More on this Topic

Edleson, Michael. Value Averaging. John Wiley & Sons. 2007.

Updated on December 23rd, 2018