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penny stocks > stock market faqs How do periodic payment plans work?A plan typically requires monthly investments over a period of 10, 15, or 25 years. Most plans allow an investor to start a plan for a modest sum of money, such as $50 per month. An investor in a periodic payment plan does not directly own shares of a mutual fund. Instead, he or she owns an interest in the plan trust. The plan trust invests the investor's regular payments, after deducting applicable fees, in shares of a mutual fund. An investor in a plan has a beneficial interest in those shares. Source: http://www.sec.gov/investor/pubs/perpayplans.htm Related: What is a periodic payment plan? |
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