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Value Averaging: The Safe and Easy Strategy for Higher Investment Returns

Book Description

Michael Edleson first introduced his concept of value averaging to the world in an article written in 1988. He then wrote a book entitled Value Averaging in 1993, which has been nearly impossible to find—until now. With the reintroduction of Value Averaging, you now have access to a strategy that can help you accumulate wealth, increase your investment returns, and achieve your financial goals.

Table of Contents

  1. Cover Image
  2. Title page
  3. Copyright
  4. Contents
  5. Foreword
  6. Preface to the 2006 Edition
  7. Preface to the 1993 Edition
  8. Introduction
  9. 1: Market Risk, Timing, and Formula Strategies
    1. RISK AND MARKET RETURNS
    2. MARKET TIMING AND FORMULA STRATEGIES
  10. 2: Dollar Cost Averaging Revisited
    1. DOLLAR COST AVERAGING: AN EXAMPLE
    2. SHORT-TERM PERFORMANCE
    3. LONG-TERM PROBLEMS WITH DOLLAR COST AVERAGING
    4. SUMMARY
  11. 3: Value Averaging
    1. VALUE AVERAGING: AN INTRODUCTION
    2. SHORT-TERM PERFORMANCE
    3. LONG-TERM PERFORMANCE AND VALUE AVERAGING
    4. SUMMARY
  12. 4: Investment Goals with Dollar Cost Averaging
    1. BACKGROUND
    2. READJUSTING THE INVESTMENT PLAN
    3. GROWTH-ADJUSTED DOLLAR COST AVERAGING
    4. SUMMARY
    5. Appendix to Chapter 4 : Constructing a DCA Readjustment Spreadsheet
  13. 5: Establishing the Value Path
    1. VALUE AVERAGING VALUE PATHS
    2. SUMMARY
    3. Appendix to Chapter 5 : Constructing a VA Readjustment Spreadsheet
  14. 6: Avoiding Taxes and Transaction Costs
    1. TAX CONSIDERATIONS WITH VALUE AVERAGING
    2. REDUCING TRANSACTION COSTS
    3. SUMMARY
  15. 7: Playing Simulation Games
    1. WHY SIMULATIONS?
    2. WHAT AND HOW?
    3. CONSTRUCTING THE SIMULATION
    4. Appendix to Chapter 7 : Constructing a Simulation
    5. ENDNOTES TO APPENDIX TO CHAPTER 7
  16. 8: Comparing the Strategies
    1. FIVE-YEAR SIMULATION RESULTS
    2. TWENTY-YEAR SIMULATION RESULTS
    3. SUMMARY
  17. 9: Profiting from Overreaction
    1. TIRING OF A RANDOM WALK
    2. WHY DOES THIS MATTER?
  18. 10: Details: Getting Started
    1. USING MUTUAL FUNDS
    2. WORKING OUT THE DETAILS
    3. NOTES FOR FINANCIAL PLANNERS
    4. SUMMARY
  19. 11: Examples: Strategies at Work
    1. THE GOAL AND INVESTMENT ENVIRONMENT
    2. INVESTMENT RETURN & TAXES
    3. IMPLEMENTING DOLLAR COST AVERAGING
    4. IMPLEMENTING VALUE AVERAGING
    5. SUMMARY
  20. 12: A Final Word
  21. Index