Value averaging
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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.".
Published in:
Microwave Magazine, IEEE
(Volume:4
,
Issue:
3
)
Date of Publication: Sept. 2003