Author_Institution :
Northern Arizona Univ., Flagstaff, AZ, USA
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.".
Keywords :
investment; stock markets; dollar cost averaging; formula investing; stock market; value averaging; wireless investor; Costs; Inverters; Investments; Marketing and sales; Mood; Psychology;
Journal_Title :
Microwave Magazine, IEEE
DOI :
10.1109/MMW.2003.1237472
