Value Averaging: The Safe and Easy Strategy for Higher Investment Returns (Wiley Investment Classics)

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Value Averaging: The Safe and Easy Strategy for Higher Investment Returns (Wiley Investment Classics)
by Michael E. Edleson
from Wiley

Customer Reviews:

• Avg. Customer Rating: 4.5 / 5.0

• Good Content - Likely Hard to Pull Off
  While I believe the concepts in this book would work to enhance returns, (certainly the data shown in the book indicates that it does work), I think it would be hard to actually pull this off.
  With conventional dollar cost averaging, you invest a pre-set amount of money (say $100 a month) on a regular basis, an agreement you set up with a mutual fund company in advance. With the Value Averaging approach, you are supposed to invest an amount that will get you a specific amount of money each month, say... more info

• A fantastic book that describes a systematic scheme to continuously invest new money.
  Simply put, this book talks about how to continuously (and
  systematically) keep investing money to reach your end goal.
  After reading this book I've become a huge fan of value averaging over
  DCA, primarily because of the following deficiencies with DCA:
  * DCA never tells you went to sell (aka: rebalance your
  portfolio). For that you need to make a market timing decision
  or pick a random date to do it (suboptimal). If there was a
  mechanical way of saying, its time... more info

• Surprisingly Relevant for Accumulators
  I have been utilizing the value averaging approach for about 3 years now, and am impressed with the ideas behind it. Before buying the book, I was very curious about how relevant it would be for a young accumulator like myself. I had the impression that it was a strategy geared towards people that had a lump sum to invest. I also wondered whether it was relevant for those who have already developed a well-diversified portfolio.
  I found that this book is extremely useful for those that are accumulating... more info

• Value Averaging
  I'm sorry, but I put this book down after reading the first three chapters. This book takes into account strategies that only work if the individual stock or market continuously goes up. If a stock hits a new high or low, taking this books advice, you should buy ignoring all other market conditions. This will hedge your profit or loss while investing blindly into the market. No wonder why the majority of individual investors will end up losing in the stock market.
  With the housing boom coming to an... more info

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