In this lesson, I'm going to teach you how touse auto-invest for investing in ETFs——there are three main steps.
Please be advised that not all regions have ETF-auto-invest available to them as yet. But keep your eyes peeled.
Step 1: Opening an account and making a deposit
1. Download/update the latest version of the Tiger Trade app.
Download link:
2. Open trading accounts and transferfunds
If you haven't opened an account yet, you can do so by clicking the link below:
https://www.tigersecurities.com/accounts/open
If you have already opened an account, you can click the link below to transfer the funds:
https://www.tigersecurities.com/profile/deposit
Step 2: Trading ETFs
1. Where to find ETFs
(1) If you don't know which ETFs to trade, open the Tiger Trade app - select "Quotes" - "Stocks" - "US" and scroll down to find "ETF List". There are many types of ETFs to choose from in the list.
Currently supporting the US stock market, Australia stock market, Hong Kong stock market, Singapore stock market hot ETF list.
(2) If you already have a specific ETF code, search directly in the search box and add it to the watch list.
2. How do I view the ETF details page?
Click to go to the ETF details page, you can see the ETF real-time performance. Includingthe ETF time-sharing chart, daily K chart, position cost, capital flow analysis and other information.
Click on "Analysis" and you can see the ETF's prime diagnosis, as well as return data over different time periods; You can also see important information such as the sector distribution of the allocation analysis of the ETF.
Click on "Profile" to see ETF overview, issuance information, style labels, ETF competing and other information.
3. How to buy ETFs
Enter the ETF code or find the ETF you are interested in the "ETF List" and click on the ETF to enter the details screen. Click "Trade" in the lower left corner and select "Buy/Long" to enter the trading interface.
In the trading screen, enter the quantity of ETFs you want to trade. Here, the minimum transaction unit is 1, and you can choose the quantity of transactions according to your financial situation. Or, you can choose the shortcut key "1/4" "1/3" "1/2" "Full" for quick trading.
After making sure all the information is correct, click "Place Buy Order" to complete the trade.
Step 3: How to set up ETF auto-invest
Find the "auto-invest" screen on the home page, where you can select "Most Popular Investments" to create your auto-invest plan. You can also look for ETFs you are interested in to subscribe to in the "Treading auto-invest stocks".
Of course, there are many ways to access the trading interface. For example, you can enter the ETF code on the home page, click on "Trade," and select "auto-invest." Alternatively, create a vote plan in the "auto-invest" screen and click "Add" in the vote list.
There are three things you need to pay attention to once you have entered the auto-invest trading interface:
1. Amount of deduction
Auto-invest starts with a very small amount, even $5. Auto-invest is therefore ideal for investors who want to change their wealth thinking and develop their savings habits.
2. Payment method
In terms of payment, you can choose to use the cash account for deduction, which is a relatively stable investment way; If you are a relatively aggressive investor, you can use the form of margin accounts. However, margin accounts will cost more, and the risk of margin accounts will be larger when the market fluctuates violently. Please be sure to pay attention to it.
Please note that some features such as margin accounts are not available in Australia.
3. Frequency
(1) In the frequency, you can choose daily, weekly,fortnightly, monthly, etc. Select any day from Monday to Friday to set the voting unit in weekly or fortnightly format. You need to select any day from the beginning of the month to the end to set the vote in the unit of "month".
(2) Which is the best to choose?
According to our data statistics, if the investment time is extended to more than 1 year, no matter whether you invest in the units of "week","fortnight",or "month", the final return difference of the same ETF is very small. Therefore, the specific choice of how often to vote mainly depends on personal habits.
Have you forgotten that there is a "day" vote? This approach is generally not recommended, because the "daily" trading cycle is too short, there is not much risk diversification advantage.
After completing the ETF investment settings, you can click "My auto-invest plan" on the "auto-invest" interface. Here you can see a list of all active votes.
If, after a certain period of time, your auto-invest plans change. You can click on the active ETF order and click on "Manage" in the upper right corner. Click "Edit this Plan", you can change the amount of investment and investment period. You can cancel auto-invest plans by clicking "Cancel this plan."
Finally, if you want to learn more about ETF auto-invest, you can find the "Auto-invest guide" in the "auto-invest" interface, where you can learn more about ETF auto-invest.
That's the end of this ETF course. I hope you have a lot of harvest~
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See you next time!
Disclaimer:
The information herein was prepared for educational purposes, and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.This advertisement has not been reviewed by the Monetary Authority of Singapore.
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