Auto-investing is a simple and effective way to grow your wealth over time. It is a strategy that involves setting up regular and automatic contributions to an investment account. We all know that continuously investing will let you take advantage of compound interest. However, actually doing so is what often hinders people. Through auto-investing, you can take the friction away!
Auto-Investing in the Investa Platform
If you’re an existing Investa user, you can take full advantage of our auto-invest feature. On the platform, you can find it on the left side of the webpage:
Step 1
You will have different frequencies to choose from. You can either invest weekly, monthly, or semi-monthly.
Step 2
Afterwards, you’ll have to pick the fund you want to invest in. As always, make sure to do your own research before choosing a fund.
Step 3
Of course, you also have to indicate the amount you want to invest per month.
Step 4
Next, link your bank account:
Once completed, something like this will show up on your auto-invest page:
Take note that you will have to agree to an Auto Debit Arrangement (ADA). A prompt will show-up asking you to fill-up a form which you will have to submit to your bank of choice. Afterwards, you should be good to go! Just make sure the bank account you linked will have the necessary funds available during the intervals you’ve set.
Is this worth the time and effort?
It definitely is! As mentioned, everyone knows the benefits of regularly investing. However, many often forget to do so consistently – so why not use technology to your advantage? By using auto-investing features, all you’d have to worry about is making sure there’s money set aside, and the Investa platform will take care of the rest!