Abstract

It makes sense to retain some broad exposure to stocks during a secular bear market, providing one is willing to take medium-term profits. This article presents a strategy called value averaging, which harvests medium-term profits. Value averaging is a modified form of dollar cost averaging. Both strategies are examples of "formula investing.".

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.