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Article: INVEST GRADUALLY, PROFIT STEADILY DOLLAR-COST AVERAGING SPREADS OUT THE RISK.(MONEYWISE)
- Article from:
- The Cincinnati Post (Cincinnati, OH)
- Article date:
- February 11, 1997
CopyrightCOPYRIGHT 1997 The Cincinnati Post. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jonathan Clements The Wall Street Journal
Dollar-cost averaging is for wimps. You would be amazed at how many rich wimps there are.
Sure, gradually moving money into stocks isn't necessarily the smartest or bravest strategy. As many academics and investment experts point out, if you want the highest possible return, you should shovel every spare dime into the market as quickly as possible.
After all, share prices go up over time. The sooner you buy, the more you're likely to make.
Yet many folks defy the experts and persist in spooning their money into stocks. I think they're right to do so. No, it isn't simply that stocks have ...