April 10, 2009

Currency trading system – ) It is this tendency of dollar averaging to produce a profit under all kinds of circumstances that has led many observers to label it the "magic formula.

1' Lucile Tomlinson calls it the "unbeatable formula," which comes close to being a highly accurate description. The few critics of dollar averaging have uncovered so little to find fault with in the method that they usually confine themselves to pointing out that poor results can ensue if the investor happens to pick a poorly suited stock. One commentator showed that, although General Motors and Woolworth were rated equally by an investment advisory service in 1939, results of two plans, one based on each stock, showed a wide difference, with Wool-worth limping in far behind.* Among stocks listed in another study as producing "mediocre results" were American Telephone and Telegraph, Pennsylvania Railroad and Coca-Cola.4 Both these comments were made in early 1958. From that point to mid-1961, Woolworth, AT&T and Coca-Cola had all more than doubled.

Currency trading system – ) It is this tendency of dollar averaging to produce a profit under all kinds of circumstances that has led many observers to label it the "magic formula.

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