AVERAGING UP

averaging up.An investment strategy in a rising market in which equal numbers of shares are

purchased  at  suc-cessively  higher  prices  to  reduce  the  investment’s  average  cost  basis.  •  For

example, if an investor buys an equal number of shares at $10, $13, $15, and $18, the average cost

per share is $14.[Blacks Law 8th]