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Term of the Day for Monday, October 11, 2010
automatic investment plan
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Term of the Day automatic investment plan
A program that allows an individual to have a set amount electronically transferred from one account to another at a specified frequency. Examples include stock and mutual fund reinvestment programs, defined contribution plans, mutual fund contribution programs, and automatic withdrawal plans. also called systematic investment plan.
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Predicting the market with consistency is extremely difficult. Predicting the economy is probably even harder. For seven years I ran an economic prediction contest, in which participants were asked to forecast variables such as growth in U.S. gross domestic product, oil prices, and unemployment.
Keep reading this tip...
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Learn some details to consider when negotiating and shopping around for the best price, trading in your old car, and considering the extras the dealer tries to sell.
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| Quote of the Day
The price of anything is the amount of life you exchange for it. - Henry David Thoreau
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