PT - JOURNAL ARTICLE AU - John K. Paglia AU - Xiaoyang Jiang TI - Implementing a Dollar-Cost Averaging Investment Strategy AID - 10.3905/jwm.2006.644219 DP - 2006 Jul 31 TA - The Journal of Wealth Management PG - 54--62 VI - 9 IP - 2 4099 - https://pm-research.com/content/9/2/54.short 4100 - https://pm-research.com/content/9/2/54.full 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