id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3706	Knight, John R.; Mandell, Lewis	Nobody Gains from Dollar Cost Averaging Analytical, Numerical and Empirical Results	1992	11	.pdf	application/pdf	3995	290	69	In contrast, the investor who practices Dollar Cost Averaging would take the initial wealth endowment and move it into the risky asset in equal increments over the holding period. GRAPHICAL ANALYSES Relative to the investor who uses Optimal Rebalancing both the investor using Dollar Cost Averaging and the investor who Buys and Holds may be seen to experience utility loss, regardless of the degree of risk aversion.	cache/fsr-3706.pdf	txt/fsr-3706.txt