Dollar Cost Averaging
Definition of "Dollar cost averaging"
Strategy of regularly investing a fixed amount of dollars into a variable dollar annuity over a substantial period of time regardless of the accumulation unit value. The investment will be made when the unit value is low, high, or moderate, permitting the average cost per unit to be significantly below the high point in the market. Thus, the investor will not be confronted with "Buying High" and "Selling Low."
Popular Insurance Terms
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Buy or sell order for security that expires at the end of the trading date on which it was entered if not executed. ...
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