Value Averaging shows you how to make the buying and selling of investments nearly automatic, relieving you of emotional anxiety and the need for market-timing and stock picking skills; recommends investments best-suited for value averaging; shows you how to build real wealth easily and consistently over time; and demonstrates how to use both dollar cost averaging and value averaging for specific investment goals such as college tuition for your children or your own retirement.
Here's what reviewers said about the last edition:
"The latest wrinkle in automatic investing Compared over time with dollar cost averaging, value averaging will always lower your total cost per share, and it will typically provide a rate of return that's about one percentage point higher..."
Kiplinger's Personal Finance Magazine
"... it does have this advantage: By keeping you from investing when prices are at their peak, it makes a system out of that old adage 'Buy low, sell high.'
The Christian Science Monitor
"... there are ways to juice up dollar cost averaging's returns. One easy-to-use system is called value averaging."
The Boston Herald
""Today's Best Way to Invest.' The smartest strategy today is not to shun stocks-but to add money a little at a time. The most familiar such technique is dollar cost averaging.... But a lesser-known version called value averaging can get better results by forcing you to make an extra investment in a month when stocks are down and to invest less or actually a little less-when stocks advance."
Money Magazine
"Value averaging takes dollar cost averaging one step further. Besides buying low, you sell shares when the markets soar."
The New York Times
Michael E. Edleson earned his Ph.D. at Massachusetts Institute of Technology and is an Assistant Professor at Harvard University in the Graduate School of Business Administration. He lives with his family in Wellesley, Massachusetts.