Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Product churning is the business practice whereby more of the product is sold than is beneficial to the consumer. An example is a stock broker who buys and sells securities in a portfolio more frequently than is necessary in order to generate commission fees. It has been claimed that dollar cost averaging is a form of product churn under certain conditions. In this strategy, an investor is advised to repeatedly buy or sell small lots of a security as the price changes. Each transaction carries a commission fee. In this way the overall cost is averaged down as prices fall, and the investor is protected from market fluctuations which can be very difficult to accurately predict. The effectiveness of this as an investing strategy is open to debate, but it involves many transactions, creating brokerage commissions for the brokerage firm. Another form of product churning is sometimes practiced by maintenance service providers.

Данное издание не является оригинальным. Книга печатается по технологии принт-он-деманд после получения заказа.