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

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

List Price: ~~$19.95~~
Our Price: $10.36
You Save: $9.59 (48%)
Availability: Usually ships in 1-2 business days
Category: Book
See more book details and other editions

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

Buy this book at online book store in your country
Canada | UK | Germany | France

Book Summary Information

Author: Michael E. Edleson
Foreword: William J. Bernstein
Edition: Paperback
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2006-10-27
ISBN: 0470049774
Number of pages: 234
Publisher: Wiley

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

Book Review: Good Content - Likely Hard to Pull Off
Summary: 3 Stars

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 $100 the first month, $200 the second, $300 the third, and so on. If the market has gone up, you would need to invest less (or perhaps nothing at all, or even have to sell), if the market is down, you would need to invest more. This would likely amount to odd amounts of money invested each month. Certainly, it would help to have an accompanying cash account to pull fund from that is held through the same provided as the fund(s) being invested in, which the author recommends. In prolonged bear market, increasing amounts of money would need to be invested, perhaps eventually more than the investor could afford. In addition, you are supposed to gradually increase your monthly investment as your portfolio grows so the new money coming in continues to be meaningful. The author explains how to do this.

It certainly would take some effort to determine what to do each month, which is vast contrast to the simplicity of traditional dollar cost averaging, which is automatic. In other words, a very good concept, but it would be difficult to make it work in the real world. If you are willing to accept the extra effort involved, and could find a mutual fund company willing to accept odd amounts of money, this book could enhance your investing returns.

Write your own review

More Value Averaging: The Safe and Easy Strategy for Higher Investment Returns (Wiley Investment Classics) reviews:
1 2

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

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.

General Books

Book Subjects

Most talked about in Personal Finance Books that (Don't) Suck

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
by Nassim Nicholas Taleb
Random House; Published: 2008-10-14; Hardcover; Book
Best price: $17.59
Price in other shops: ~~$27.00~~

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
by Timothy Ferriss
Crown; Published: 2007-04-24; Hardcover; Book
Best price: $11.18
Price in other shops: ~~$19.95~~

Exchange-Traded Funds For Dummies (For Dummies (Business & Personal Finance))
by Russell Wild
For Dummies; Published: 2006-11-06; Paperback; Book
Best price: $9.59
Price in other shops: ~~$24.99~~

How to Lie With Statistics
by Darrell Huff
W. W. Norton & Company; Published: 1993-09; Paperback; Book
Best price: $6.53
Price in other shops: ~~$11.95~~

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition
by Burton G. Malkiel
W. W. Norton; Published: 2007-12-24; Paperback; Book
Best price: $11.02
Price in other shops: ~~$18.95~~

Value Averaging: The Safe and Easy Strategy for Higher Investment Returns (Wiley Investment Classics)
by Michael E. Edleson
Wiley; Published: 2006-10-27; Paperback; Book
Best price: $10.53
Price in other shops: ~~$19.95~~

All About Index Funds (All About)
by Richard A. Ferri
McGraw-Hill; Published: 2006-12-22; Paperback; Book
Best price: $11.04
Price in other shops: ~~$18.95~~

Mastering the Art of Asset Allocation
by CFA, David M. Darst
McGraw-Hill; Published: 2006-09-21; Hardcover; Book
Best price: $9.95
Price in other shops: ~~$55.00~~

The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk
by William Bernstein
McGraw-Hill; Published: 2000-09-22; Hardcover; Book
Best price: $14.84
Price in other shops: ~~$29.95~~

The Four Pillars of Investing: Lessons for Building a Winning Portfolio
by William J. Bernstein
McGraw-Hill; Published: 2002-04-26; Hardcover; Book
Best price: $17.17
Price in other shops: ~~$29.95~~

Similar Books and other products

Commonsense on Mutual Funds (Wiley Audio) Image

Commonsense on Mutual Funds (Wiley Audio)
by John C. Bogle
Wiley Audio; Published: 2000-04; Audio Cassette; Book
Best price: $14.04
Price in other shops: ~~$18.95~~

Asset Allocation: Balancing Financial Risk
by Roger C. Gibson
McGraw-Hill; Published: 2000-08-01; Hardcover; Book
Best price: $159.97

All About Index Funds (All About)
by Richard A. Ferri
McGraw-Hill; Published: 2006-12-22; Paperback; Book
Best price: $10.43
Price in other shops: ~~$18.95~~

Global Investing: The Professional's Guide to the World Capital Markets
by Roger Ibbotson, Gary P. Brinson
McGraw-Hill; Published: 1992-11-01; Hardcover; Book
Best price: $20.00
Price in other shops: ~~$44.95~~

The Bogleheads' Guide to Investing
by Taylor Larimore, Mel Lindauer, Michael LeBoeuf
Wiley; Published: 2007-09-28; Paperback; Book
Best price: $9.22
Price in other shops: ~~$16.95~~

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)
by John C. Bogle
Wiley; Published: 2007-03-05; Hardcover; Book
Best price: $11.02
Price in other shops: ~~$19.95~~

All About Asset Allocation
by Richard A. Ferri
McGraw-Hill; Published: 2005-09-15; Paperback; Book
Best price: $9.98
Price in other shops: ~~$19.95~~