DescriptionDollar cost averaging against value averaging ERR 4.35.png
English: The end value after a 36-month market-entry period for 1$ in the SP500, using alternatively value averaging (VA) and dollar cost averaging (DCA), with an expected yearly rate of return of 4.35% (1871-2014 average, capital growth only, excludes dividends). Each point is a different starting month between January 1871 and December 2014. The red points are those for which the investor using value averaging finishes the market-entry period with less than nothing, having lost 100% of the money and having contracted debts.
The person who associated a work with this deed has dedicated the work to the public domain by waiving all of their rights to the work worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law. You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission.
http://creativecommons.org/publicdomain/zero/1.0/deed.enCC0Creative Commons Zero, Public Domain Dedicationfalsefalse
Captions
Add a one-line explanation of what this file represents