Benefits Of A Monthly Investment Plan
One of the simplest, most effective, and most popular methods of buying stock is to start a Monthly Investment Plan, or MIP. Started in 1954, the MIP now has more than 93,000 accounts in force, and new ones are being written at the rate of about 180 a day.
Another 111,734 MIPs begun in the same period have been completed or terminated. Altogether, MIP investors have bought some 3,674,000 shares of various stocks, with a market value at time of purchase of over $154 million.
The Plan operates on the brilliantly simple basis of reversing the conventional buying procedure.
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