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:
“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.
“We must return optimism to our parenting. To focus on the joys, not the hassles; the love, not the disappointments; the common sense, not the complexities.”
—Fred G. Gosman (20th century)
“This spending of the best part of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it reminds me of the Englishman who went to India to make a fortune first, in order that he might return to England and live the life of a poet. He should have gone up garret at once.”
—Henry David Thoreau (1817–1862)