平均成本法
A risk of mutual funds is the fluctuating share price. Shares that were purchased on Monday for $9.50 may be selling for $9.周二35美元或9美元.星期四58分. These fluctuations occur because the prices of the securities in a fund will change based on activities in the markets.
平均成本法 is one way to help smooth out the effect of market fluctuation. It occurs when investors put the same amount of money into their account on a regular basis, 通常每月. Transferring money from a bank account each month to purchase mutual fund shares is a convenient way to do this.
The result of dollar-cost averaging is that more shares are purchased when the price is low 和 fewer shares are purchased when prices are high which should make the average cost per share lower than the average share price. Using this method, you can decrease the risk of making a lump sum purchase at an inopportune time. 平均成本法 does not, however, assure a profit or protect against loss.
Hypothetical illustration of dollar-cost averaging
After investing for 12 months, using the example below, the average cost per share is lower than the average price 和 the current cost per share.
| 投资日期 | 投资额 | 股票价格 | #购买股份 |
|---|---|---|---|
| 1月 | $100 | $10.00 | 10.000 |
| 2月 | 100 | 9.78 | 10.225 |
| 3月 | 100 | 10.40 | 9.615 |
| 4月 | 100 | 9.62 | 10.395 |
| 五月 | 100 | 10.50 | 9.524 |
| 6月 | 100 | 10.75 | 9.302 |
| 7月 | 100 | 9.87 | 10.132 |
| 8月 | 100 | 10.75 | 9.302 |
| 9月 | 100 | 11.10 | 9.009 |
| 10月 | 100 | 11.50 | 8.696 |
| 11月 | 100 | 11.30 | 8.849 |
| 12月 | 100 | 11.25 | 8.888 |
| 总数 | 投资额: $1,200 |
平均价格: $10.57 |
股票购买: 113.937 |
| Average Cost Per Share: $10.53 |
The chart above is intended to illustrate the mathematical principle of dollar cost averaging. This hypothetical example is for illustrative purposes only 和 doesn't represent any specific type of investment. It doesn't include the impact of expenses or fees, which would have reduced the results of the illustration.
How to take advantage of dollar-cost averaging
T在这里 are many ways you can take advantage of dollar-cost averaging. A common method is payroll deductions for an employer-sponsored retirement plan such as a 401(k) plan funded through mutual funds. You can decide on an amount to deduct from your paycheck on a monthly basis 和 shares will be purchased at that day's offering price. The principle of dollar-cost averaging also applies to after-tax accounts. If payroll deduction is not available, you may elect to have an amount automatically withdrawn regularly from your bank account through electronic funds transfer (EFT).
Have questions about investing?
Talk with your Registered State Farm® agent who can help you develop a strategy to fit your goals.
风险披露
平均成本 does not assure a profit or protect against loss.
Neither State Farm® nor its agents provide tax or legal advice.
Securities are not FDIC insured, are not bank guaranteed 和 are subject to investment risk, including possible loss of principal.
Before investing, consider the funds' investment objectives, risks, charges 和 expenses. This 和 other important information is contained in the fund 招股说明书 和 招股说明书摘要 which can be obtained by visiting 0933282516.com. 仔细阅读. Securities distributed by State Farm VP Management Corp.
AP2023/10/1063