Min Initial Investment, AIP
Min Initial Investment, IRA
What does AIP & IRA mean. Please explain.
2006-07-15 20:34:58 · 2 answers · asked by Salman Hashmi 3 in Business & Finance ➔ Investing
It means Automatic Investment Plan.
An investment program that allows you to contribute small amounts of money (as little as $20 a month) in regular intervals. Funds are automatically deducted from your checking/savings account or your paycheck, and invested in a retirement account or mutual fund.
This is one of the best ways to save money. By "paying yourself first" many people find they invest more in the long run. Their investments are treated as another part of their regular budget. It also helps to force you to pay for investments automatically, so don't forget and spend all your money on impulse.
The other is an Individual Retirement Account.
2006-07-15 20:42:45 · answer #1 · answered by maxwell3030 2 · 1⤊ 0⤋
I guess you mean mutual funds....
Min. initial investments in mutual funds in Individual Retirement Accounts (IRA) are frequently lower than in taxable accounts. I don't know what AIP means, but it has to be whatever isn't an IRA.
2006-07-16 03:42:14 · answer #2 · answered by Houyhnhnm 6 · 0⤊ 0⤋