Question
Your client, Ron Gross, is using a value averaging approach with his monthly mutual fund purchases. The goal is to increase the account value by
Your client, Ron Gross, is using a value averaging approach with his monthly mutual fund purchases. The goal is to increase the account value by $500 each month. He has the following transactions:
| Month | Price per Share | Amount Invested | # of Shares Bought | # of Shares Owned | Total Invested | Total Value |
|---|---|---|---|---|---|---|
| 5 | $13.75 | $400 | 29.091 | 181.818 | $2,350 | $2,500 |
| 6 | $14.05 |
Based on this information, what is the dollar amount Ron should invest in month 6?
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The World Is Your Oyster The Guide To Finding Great Investments Around The Globe
Authors: Jeff D. Opdyke
1st Edition
0307381048, 978-0307381040
