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  • 2021 Spring: Volume 15, Issue 1
  • Modified Dollar Cost Averaging Investment Strategy: Evidence from Major Developed International Stock Markets

    • Eric C. Lin ;
    • Helen Xu

    Title:

    Modified Dollar Cost Averaging Investment Strategy: Evidence from Major Developed International Stock Markets

    Author(s):

    Eric C. Lin
    Helen Xu

    Publication Date:

    2016

    Journal Title:

    The Journal of Finance Issues

    Volume Number:

    15

    Issue Number:

    1

    Abstract:

    The Dollar Cost Averaging (DCA) method is widely used by individual investors as well as financial professionals and has been discussed extensively in the current literature. This studyexamines a modified DCA (MDCA) approach using a set of international stock market data. Theresearch will test the hypothesis that the simple modification could enhance investor returns overthose from the traditional DCA strategy. This is a subject of great interest to both academicresearchers as well as to investors. Empirical results indicate that the MDCA strategyoutperforms the DCA method across all of the international stock markets investigated.

    First Page:

    20

    Last Page:

    30

    Total Pages:

    11