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A Note on the Suboptimality of Dollar-Cost Averaging as an Investment Policy

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  • Constantinides, George M.

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Bibliographic Info

Article provided by Cambridge University Press in its journal Journal of Financial and Quantitative Analysis.

Volume (Year): 14 (1979)
Issue (Month): 02 (June)
Pages: 443-450

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Handle: RePEc:cup:jfinqa:v:14:y:1979:i:02:p:443-450_00

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Cited by:
  1. Langer, Thomas & Nauhauser, Niels, 2002. "Zur Bedeutung von Cost-Average-Effekten bei Einzahlungsplänen und Portefeuilleumschichtungen," Sonderforschungsbereich 504 Publications 02-50, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
  2. Jezek, M., 2009. "Passive Investors, Active Traders and Strategic Delegation of Price Discovery," Cambridge Working Papers in Economics 0951, Faculty of Economics, University of Cambridge.
  3. Vora, Premal P. & McGinnis, John D., 2000. "The asset allocation decision in retirement: lessons from dollar-cost averaging," Financial Services Review, Elsevier, vol. 9(1), pages 47-63, 00.
  4. Dirk Ulbricht, 2013. "Stock Investments for Old-Age: Less Return, More Risk, and Unexpected Timing," Discussion Papers of DIW Berlin 1324, DIW Berlin, German Institute for Economic Research.
  5. Karyl Leggio & Donald Lien, 2003. "An empirical examination of the effectiveness of dollar-cost averaging using downside risk performance measures," Journal of Economics and Finance, Springer, vol. 27(2), pages 211-223, June.
  6. Ramon P. DeGennaro, 2003. "Direct investments in securities: A primer," Economic Review, Federal Reserve Bank of Atlanta, issue Q1, pages 1-14.
  7. Ewald, Christian-Oliver & Menkens, Olaf & Hung Marten Ting, Sai, 2013. "Asian and Australian options: A common perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 37(5), pages 1001-1018.
  8. Leggio, Karyl B. & Lien, Donald, 2001. "Does loss aversion explain dollar-cost averaging?," Financial Services Review, Elsevier, vol. 10(1-4), pages 117-127.
  9. Brennan, Michael J & Li, Feifei & Torous, Walt, 2005. "Dollar Cost Averaging," University of California at Los Angeles, Anderson Graduate School of Management qt53p0r65q, Anderson Graduate School of Management, UCLA.
  10. Malliaris, A.G. & Malliaris, Mary E., 2008. "Investment principles for individual retirement accounts," Journal of Banking & Finance, Elsevier, vol. 32(3), pages 393-404, March.

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