The Advantages Of An Automatic Investment Plan
For many investors, the question of when to buy and when not to buy is a difficult one. A solution is to invest the same amount of money at regular intervals over a long period of time regardless of market conditions. This method of investing, called "dollar-cost averaging," is a disciplined approach that lets investors systematically acquire additional shares.

Through an automatic investment plan, you take advantage of dollar-cost averaging by arranging for a specific sum of money to be deducted directly from your bank account or paycheck on a regular basis. Since the amount deducted remains constant, your money will buy more shares when the fund's price is lower and fewer shares when the price is higher. Over time, this generally reduces your average cost per share and plays an important role in helping you reach your financial goals simply and conveniently.*

Remember, you can automatically reinvest your dividends and capital gains in most mutual funds toward the purchase of additional shares.

*DISCLOSURE: A dollar-cost averaging plan does not assure a profit and does not protect against loss in declining markets. Investors should consider their financial ability to continue their purchases through periods of low price levels.