My Auto-Invest Plan
Auto-investing is a powerful tool to allow us to grow our wealth steadily over time. It allow investors who do not have a large sum of money readily available to invest upfront.
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 from $1. Auto-invest is therefore ideal for investors who want to change and develop their savings habits.
The following summarized how I have set up an auto-invest plan on Tiger Broker:
Find the "auto-invest" screen on the home page, where we can select the stock or ETF from the "Most Popular Investments" or “Trending Auto-invest Stocks” that we are interested to subscribe the auto-invest plan.
In terms of payment, we could choose to use the cash in our prime account or deduct straight from our bank account which is a very easy way to make payment.
We can choose daily, weekly, fortnightly, monthly on the auto investment frequency. I normally choose daily or weekly on the auto investment frequency when I notice the stock price is trending downward.
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. When the stock price is higher than my cost price, I will stop my auto-invest plan and resume the auto-invest plan when the stock price has dropped below my cost price. This is a very flexible way to invest and can help investors to lower the cost price of their holding stock easily.
I have a few auto-invest plans and one of the best performing stocks in my portfolio under the auto-invest plan is $Petroleo Brasileiro SA Petrobras(PBR)$ as shown below. I have stopped the auto-invest plan for $Petroleo Brasileiro SA Petrobras(PBR)$ at the moment due to stock price is now higher than my cost price.
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PBR is a good one, too. Political risk is way overblown, at least in the short-term. Cheap oil with a sky-high dividend - what's not to love?
although pbr is way more affected by politics, which can be an opportunity when it dips, but it’s a wild ride every time
don't have it in me to buy PBR, but that's a great one too.