ドルコスト平均法を用いた投資の有効性の検証 [in Japanese] Validation of Dollar cost averaging investment method [in Japanese]
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As a method of long term investment for private investor, the dollar cost averaging investmentmethod is well known and seems to reduce the purchase cost because we purchase risk assets withsame amount of monye every month, then we purchase many assets when the price of assets is low and few assets when the price is high. On the other hand, if the expectation of the return of the risk assets is positive, we have the maximum expectation of return when we purchase the risk assets with all of money to invest. To reduce the risk of investment, diversified investments are effective. However question whehter we use the dollar cost averaging investment method or investe money all at once to well-diversifiedrisk assets remains. In this study, we validate the effecte of the ddollar cost averaging investment method by Monte Carlo simulation.
- 岡山大学環境理工学部研究報告 Journal of the Faculty of Environmental Science and Technology, Okayama University
岡山大学環境理工学部研究報告 Journal of the Faculty of Environmental Science and Technology, Okayama University 16, 1-5, 2011-03