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- Title
Building a Better Mousetrap: Enhanced Dollar-Cost Averaging.
- Authors
Dunham, Lee M.; Friesen, Geoffrey C.
- Abstract
The authors discuss an intuitive investment strategy which is an improvement of the dollar-cost averaging (DCA). The strategy is considered ideal for investors making regular contributions to investment portfolios, according to the author. The three behavioral rationale for the use of the DCA are discussed. The intuitive, rule-based investment strategy removes personal responsibility and the sense of regret that such responsibility causes investors in down markets.
- Subjects
INVESTMENT policy; DOLLAR cost averaging; INVESTORS; INVESTMENTS; REGRET; RESPONSIBILITY
- Publication
Journal of Wealth Management, 2012, Vol 15, Issue 1, p41
- ISSN
1534-7524
- Publication type
Article
- DOI
10.3905/jwm.2012.15.1.041