JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Financial Independence Through Dollar Cost Averaging and Dividend Reinvestments
Author(s): Harvey Rubin, Carlos Spaht, II
Citation: Harvey Rubin, Carlos Spaht, II, (2011) "Financial Independence Through Dollar Cost Averaging and Dividend Reinvestments," Journal of Applied Business and Economics, Vol. 12, Iss. 4, pp. 11 - 19
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This paper describes how to achieve financial independence by using the Dividend Reinvestment Plan
(DRIP) in conjunction with dollar cost averaging to purchase stocks of quality companies, paying
increasing dividends. The formula derived in this paper uses historical data over the 15 year period from
1993 – 2007 to compute returns.