Value Averaging in Investing
It has been a long time since I have revisited any financial planning concept. So time for rehashing some basic investment fundas! How many really take an active interest in managing their portfolios? People tend to leave it to the fund manager to manage money in case of mutual funds and tend to put any spare cash in the latest fund that is "in" or as chosen by a "financial adviser", else choose a "safe" inflation beating instrument. The more judicious squirrel away a little bit systematically in "safe investments" and do a bit of active portfolio management while the experts look for gains in the stock market. But there are some easy to use personal finances tools out there which actually make our money work well with a modest financial planning. However, due to ignorance, overconfidence or maybe simple laziness we tend to ignore them. Value Averaging is one such tool. Its an unbelievably simple financial planning tool that anyone with even the...