a system of buying securities at regular intervals, using the same amount of cash for each purchase, over a considerable period of time regardless of the prevailing prices of the securities, resulting in having bought the total at an average cost.
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“I do believe that the buck stops here, that I cannot rely upon public opinion polls to tell me what is right. I do believe that right makes might and that if I am wrong, 10 angels swearing I was right would make no difference.”
Also called dollar cost averaging.
Origin of dollar averaging
First recorded in 1925–30
Words nearby dollar averaging
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020