| English |
| regular savings scheme |
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| Attestation |
3
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| Part of speech |
Noun phrase
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| Variant |
systematic investment plan (USA)
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| Definition |
a commitment to save a fixed minimum amount regularly, usually monthly, which is invested in units of an investment fund. Investors can make additional savings in any month and the plan can be stopped at any time by either selling the units back to the managers at the current market price or continuing holding the units as an ordinary fund.
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| Context |
[...] However, what seems like mathematical magic is logically explained-like everything in finance, and all investments which work. It is simply that more unit trust units or investment trust shares are bought at the lower prices. And because the average price is higher than the lower prices, the average cost is inflated relative to the actual cost. But the fact that you can buy cheaply through regular savings schemes is more proof that numbers are easily manipulated than the basis of a sound investment strategy. [...]
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| Context source |
Tx-Unit
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| Synonym |
savings plan, savings scheme
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| de |
Sparplan
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| it |
piano di accumulazione del capitale
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