Categories
Academy of Accounting and Financial Studies Journal

A multi-market, historical comparison of the investment returns of value averaging, dollar cost averaging and random investment techniques

A multi-market, historical comparison of the investment returns of value averaging, dollar cost averaging and random investment techniques Paul S. Marshall ABSTRACT As the title suggests, this paper compares two “formula” or mechanical investment techniques, value averaging (VA) and dollar cost averaging, to a form of random investing to determine if any technique yields superior […]