Monthly investment plan


Also found in: Acronyms.

Monthly investment plan

A plan in which a certain amount is invested each month in order to benefit from dollar cost averaging.

Monthly Investment Plan

An investment plan or vehicle in which the investor adds a small amount each month to the portfolio. Perhaps the most common type of monthly investment plan is a retirement account. For different retirement accounts, one makes a monthly contribution, which is then invested so as to provide a steady return when the account holder reaches retirement. However, any investment vehicle may be made into a monthly investment plan; for example, one may make a monthly contribution to a mutual fund.
References in periodicals archive ?
This plan offered two fundamental differences from the Monthly Investment Plan.
The new investment minimum applies to all accounts, including those opened using the Berger Funds' automatic monthly investment plan.
With vouchers for Child Trust Funds set to end in January, older people are also investing in monthly investment plans, savings accounts and pension schemes for grandchildren.
Full browser ?