Beside Tiger Vault, another popular feature in Tiger Brokers app platform which I love is US Stock’s Auto-Invest Plan. It has helped me to lower the cost price of the US stocks in my portfolio whenever the stock price has dropped below my cost price. This really has changed the PnL% of some of my stocks from negative to positive or has increased the profits of my stocks like $Tesla Motors(TSLA)$
Auto-invest is the process of regularly putting our investing on repeat. With this feature, we can build our portfolio by scheduling daily, weekly or monthly auto-invest payments into our favourite company's shares or ETFs without lifting a finger.
Auto-Invest helps to lower our average cost potentially through dollar cost averaging and reduce the risk of market timing.
Auto-invest starts with a very small amount from USD2. Auto-invest is therefore ideal for investors who want to change their wealth thinking and develop their savings habits.
The following summarized how to set up an auto-invest plan on Tiger Trade:
Find the "auto-invest" screen on the home page, where we can select "Most Popular Investments" to create our auto-invest plan. We can also look for ETFs we are interested in to subscribe to in the "Treading auto-invest stocks".
In terms of payment, we can select the cash deduction from our Prime account or from our bank account.
We can choose daily, weekly, fortnightly, monthly on the auto invest frequency.
The ETFs and stocks purchased by auto-invest are the same as the ETFs and stocks that are commonly purchased. Users can choose to sell them at any time according to the market price and their own profit expectations.
Tiger Brokers allows us to cancel or resume the auto-invest plan at any time according to our own needs.
The US stock's auto-invest plan has adopted an all-inclusive fee model since 5 Jan 2024. Transaction fees will be included in the auto-invest amount. The actual order amount = investment amount - estimated deduction of dollar-cost averaging fees.
Comments