Auto-investing 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-Investing 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, even $5. Auto-invest is therefore ideal for investors who want to change their wealth thinking and develop their savings habits.
Thank you so much Tiger Academy for explaining to investors how to set up an auto-invest plan on Tiger Trade as summarized below.
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, I would choose to use the cash account for deduction instead of using margin account as it is more stable investment way and is cheaper & safer.
We can choose daily, weekly, fortnightly, monthly on the auto investment 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.
I would like to set up an auto-invest plan for $STI ETF(ES3.SI)$ in 2023 as it is a well-known index tracking the performance of the top 30 companies listed on SGX and it has been relatively resilient in economic downturns. It is also one of my best performing stock in 2022.
Tiger Broker is having an Auto-Invest campaign allowing new and existing clients to participate between 16 Dec 2022 16::00:00 SGT to 16 Jan 2023 23:59:59 SGT where qualified participants can get prizes like brokerage free and cash voucher as shown below.
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