Elston CPD Exploring the benefits of pound cost averaging | Page 2
Introduction
The BirthStar® Research Series is a set of publications exploring behavioural and
investment science. It forms part of the broader BirthStar® Project launched in 2012 to
simplify investment without compromising on expertise.
The BirthStar® Research Series can be used to provide assigned readings as part of an
accredited Continuous Professional Development (CPD) programme.
To this purpose the aims and objectives for each CPD module are clearly articulated.
Learning Outcome Statements related to the assigned reading are also provided to help
structure an evaluation process.
We hope you find the research innovative and informative.
Henry Cobbe, CFA
Head of Research, BirthStar®
Contents
Introduction............................................................................................................................... 2
Abstract .................................................................................................................................... 3
Introduction............................................................................................................................... 4
Contrasting pound-cost averaging with lump-sum investing ................................................... 6
Mitigating perceived investment risk with pound-cost averaging ............................................. 7
How pound-cost averaging can help overcome poor investment behaviours ....................... 10
Conclusion.............................................................................................................................. 11
References ............................................................................................................................. 13
Structured Learning for CPD evaluation ................................................................................ 14
Biographies ............................................................................................................................ 16
Notice ..................................................................................................................................... 16
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