Automatic Investment Plan - AIP
What Does it Mean?
An investment program that allows investors to contribute small amounts of money, such as $20 a month in regular intervals. Funds are automatically deducted from the investor's checking/savings account or paycheck and invested in a retirement account or mutual fund.
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Investopedia Says...
This is one of the best ways to save money. By "paying themselves first" many people find they invest more in the long run. Their investments are treated as another part of their regular budget.
Wednesday, October 1, 2008
Automatic Investment Plan - AIP
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