Cost Averaing-Fact or Myth?

An empirical examination of the effectiveness of dollar-cost averaging using downside risk performance measures

KB Leggio, D Lien - Journal of Economics and Finance, 2003 - Springer
Some studies find the dollar-cost averaging investment strategy to be sub-optimal using a
traditional Sharpe ratio performance ranking metric. Using both the Sortino ratio and the …
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Does loss aversion explain dollar-cost averaging?

KB Leggio, D Lien - Financial Services Review, 2001 - Elsevier
Some studies find the dollar-cost averaging investment strategy to be sub-optimal from a
mean variance expected utility of wealth perspective. Statman [The Journal of Portfolio …
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Mathematical illusion: why dollar-cost averaging does not work

JG Greenhut - Journal of Financial Planning, 2006 - search.proquest.com
In spite of the weight of evidence provided in academic literature against the strategy of
dollar-cost averaging (DCA), DCA continues to be practiced by investors and recommended …
Save Cite Cited by 24 Related articles All 3 versions