An investor wishes to save for her retirement. She arranges to have $250 per month withdrawn from her account to be invested int

Question

ZanzabumX [31]

2 years ago

15

An investor wishes to save for her retirement. She arranges to have $250 per month withdrawn from her account to be invested int

o a commodity fund. This type of savings plan is called

Business

1 answer:

shusha [124] · Answer 1 · 2022-05-31T05:44:53+03:00

Answer:

dollar cost averaging

Explanation:

Dollar cost averaging is a type of investment plan where the customer (investor) will contribute a specific amount of money every fixed period of time. In this case, our investor is investing $250 every month regardless of the price of the securities that she is investing in. Some months she will be able to buy more or fewer securities than other months.