Is automatic investing a good idea?

Asked 3 years ago

How will automatic investment strategies help you? Do you recommend I set up reoccurring investments?

Andia Rispah Igobwa

Thursday, November 11, 2021

Setting up automatic investments is a fantastic method to get into dollar-cost averaging, which is a fancy way of saying that the shares you own will have come from a variety of purchase prices since you bought them at various intervals.

Why is this a good thing? When stock prices are higher, you'll buy less of them.

Making frequent investments is one of the most successful methods to accomplish a major objective while having minimal influence on your daily routine.

After you've decided to make a regular investment of less money, you must create a plan. When you only plan to invest whatever money you have remained at the end of each month, it's very likely that "whatever" will get translated into "nothing."

Finally, the easiest approach to ensure you keep your word is to move the funds out of your bank account before you have a chance to spend it.





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