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ID 44790
FullText URL
Title Alternative
Validation of Dollar cost averaging investment method
Author
Touji, Masayuki
Abstract
As a method of long term investment for private investor, the dollar cost averaging investment method is well known and seems to reduce the purchase cost because we purchase risk assets with same amount of monye every month, then we purchase many assets when the price of assets is low and few assets when the price is high. On the other hand, if the expectation of the return of the risk assets is positive, we have the maximum expectation of return when we purchase the risk assets with all of money to invest. To reduce the risk of investment, diversified investments are effective. However question whehter we use the dollar cost averaging investment method or investe money all at once to well-diversified risk assets remains. In this study, we validate the effecte of the ddollar cost averaging investment method by Monte Carlo simulation.
Keywords
Dollar cost averaging
investment
Monte Carlo simulation
Stock price index
Note
研究論文 環境数理工学科
Published Date
2011-03-18
Publication Title
岡山大学環境理工学部研究報告
Publication Title Alternative
Journal of the Faculty of Environmental Science and Technology Okayama University
Volume
volume16
Issue
issue1
Publisher
岡山大学環境理工学部
Publisher Alternative
Faculty of Environmental Science and Technology, Okayama University
Start Page
1
End Page
5
ISSN
2185-3347
NCID
AN10529213
Content Type
Departmental Bulletin Paper
language
日本語
File Version
publisher
Refereed
False
Eprints Journal Name
fest