RT Journal Article
SR Electronic
T1 Implementing a Dollar-Cost Averaging Investment Strategy
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 54
OP 62
DO 10.3905/jwm.2006.644219
VO 9
IS 2
A1 John K. Paglia
A1 Xiaoyang Jiang
YR 2006
UL https://pm-research.com/content/9/2/54.abstract
AB Based upon typical monthly investing, whereby an administrator uses a dollar cost averaging strategy to invest equal amounts of funds into the market each month, the authors explore the question: Does the date of the month on which one puts his money into the stock market affect portfolio returns? They found the answer to be a resonant yes, based upon monthly investments of $1 from 1990 to 2005 invested in three major indices: the Dow Jones Industrial Average, the NASDAQ, and the S&P 500.TOPICS: Security analysis and valuation, portfolio construction, mutual funds/passive investing/indexing, performance measurement