The meaning and definition of Dollar Cost Averagin
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Posted On: 03/15/2013 11:57:03 PM
The meaning and definition of Dollar Cost Averaging -
A method of accumulating assets by purchasing securities at regular intervals with a fixed dollar amount. Since prices may rise or fall over time, the fixed dollar amount buys more shares when prices are low, fewer shares when prices are high. Dollar cost averaging does not assure a profit or protect against loss in declining markets. Such a plan involves continuous investment in securities regardless of fluctuating price levels and an investor should consider his financial ability to continue purchase through periods of low price levels.
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