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Investment Clubs Show Big Gain in Stock Plans
New York reports 81,000 Monthly Investment Plans in force with 5,432 started in January, marking MIP's fifth anniversary. Over five years, 164,000 plans started, 83,000 completed or terminated, and $1.129 billion invested in 2.9 million shares. Plans favor quarterly payments for lower costs and monthly for disciplined saving, with popular selections in medium priced issues.
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