Return
Assuming that the same amount of money is invested each time, the return from dollar cost averaging on the total money invested is
where is the final price of the investment and is the harmonic mean of the purchase prices. If the time between purchases is small compared to the investment period, then can be estimated by the harmonic mean of all the prices within the purchase period.
Read more about this topic: Dollar Cost Averaging
Famous quotes containing the word return:
“East and west on fields forgotten
Bleach the bones of comrades slain,
Lovely lads and dead and rotten;
None that go return again.”
—A.E. (Alfred Edward)
“The human heart dares not stay away too long from that which hurt it most. There is a return journey to anguish that few of us are released from making.”
—Lillian Smith (1897–1966)
“... one cannot be happy in exile or in oblivion. One cannot always be a stranger. I want to return to my homeland, make all my loved ones happy. I see no further than this.”
—Albert Camus (1913–1960)