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帮忙找一下相关主题的英文文章
explain the process of investing money in the stock market
帮忙找一下这个话题的英文短文/文章!
今天中午前啊!
Defined Fund Investment Plan
☆ Introduction
A service for investor to buy a fixed sum of fund product that ICBC represents at regular intervals within a certain investment period,or simply speaking,a kind of finance service similar to Club Deposit.Starting from the second day after signing up the service,ICBC system automatically make deduction on the first day of each month based on the amount and investment years you stated.Deduction will be continued on the next day if the balance in the account is not enough.Minimum investment for monthly deduction is RMB 200.Procedure for trading hours,charges,purchase price and redemption of fund are the same as fund purchase.
Defined Fund Investment Plan has the following advantages:
1.To minimize risk through reducing investment cost over time by dollar-cost averaging.
For a single investment,the plan is as a mid/long-term investment.Every month a fixed deduction is made regardless of market movements.The investor needs not to worry about selecting the right time.Investment cost is reduced by the technique of long-term averaging.Fewer shares acquired when fund's NAV goes up and more acquired when NAV goes down.In this way,investment cost and risk is naturally shared over time.