Labels:bulletin board | crt screen | reckoner | tribute album OCR: HOW LINVESTING LEVERY MONTHBEAT $12.000 THE ODDS JNTHELAST RECESSION Dollar-cost averaging worked superbly in the last U.S 11.000 Dollar-cost averaging recession. which rpersisted from 198] until Novem- ber 1982 The graph at right contrasts two hypothetical 10.000 investors both of whom began the period with $9.000 in fund vielding 70 One immediately put the en- tire sum into an equity fund that matched the S&P 5(0) 000'6 (gray line) The other transferred $500 cach month into the stock fund over the recession' 18-month span parj linc) Result: the lump-sum investor lost 3601 in the first 8,000 three months. the end ot the recession. his profit wAs only .223 By contrast. the .dollar-cost averager suf- Lump-sum inves tmen fered only minor early losses and finished with $1,761 profit in the st ...
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