Value Averaging: A Simple and Reliable Strategy for Increasing Investment Returns in the Stock Market

The value averaging method, authored by Michael Edleson, has been successfully used in the West for over 30 years but is virtually unknown in Russia. Meanwhile, this strategy, which combines two methods that were previously applied separately: cost averaging and... portfolio rebalancing, significantly increases investment returns. And the book you are holding is a comprehensive guide to applying this powerful strategy in practice.Edleson's book will also be useful as an introduction to investment activities, as it presents basic ideas of proper investment in an accessible form and provides and explains the mathematical tools for calculating (and evaluating) returns, risks, and methods for managing them.