Dollar Cost Averaging and Other Strategies Investment Approach Comparison: Case by Yuanta Taiwan Top 50 ETF

• Main Authors: WANG, MEI-SU, 王美淑
• Other Authors: Yin-Jung Chen
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/c2td57

碩士 === 聖約翰科技大學 === 企業管理系碩士班 === 106 === This study uses 8 strategies indicator for value-averaging investment which is Stochastic Oscillator (KD), Moving Average (MA), Relative Strength Index (RSI), M1 M2 money supply, Taiwan bank discount rate, FED rate, monitoring indicator and Leading indicator to compare with dollar-cost averaging to buy Taiwan 50 ETF. The study does not consider to reduce investment. Research period is from 2007/01/01 to 2016/12/31 which involve bull market and bear market to prevent influence. The major findings of this study are follows. First, using Taiwan bank discount rate, FED rate, and Leading indicator to be value-averaging investment strategies can obtain higher return than dollar-cost investment strategy. Second, The return of rate raise if the investment duration is extending.