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.
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Famous quotes containing the word return:
“The return of the asymmetrical Saturday was one of those small events that were interior, local, almost civic and which, in tranquil lives and closed societies, create a sort of national bond and become the favorite theme of conversation, of jokes and of stories exaggerated with pleasure: it would have been a ready- made seed for a legendary cycle, had any of us leanings toward the epic.”
—Marcel Proust (1871–1922)
“O God of our flesh, return us to Your wrath,
Let us be evil could we enter in
Your grace, and falter on the stony path!”
—Allen Tate (1899–1979)
“Were not ten made clean? But the other nine, where are they? Was none of them found to return and give praise to God except this foreigner?”
—Bible: New Testament, Luke 17:17,18.
Jesus, after healing ten lepers.