Automated investing is the practice of contributing money to your investment accounts on a regular basis through direct deposit from your paycheck or recurring bank transfers. The idea is to establish this routine of saving and investing regularly with no extra effort on your part.
How do I automate investments?
Learn how to automate investments in five easy steps. You can automate your money decisions by following these five easy steps: Step 1: Automate investments in an employer-sponsored retirement account. Step 2: Consolidate your investment accounts. Step 3: Automate investments in other retirement accounts.
Should you automate investment purchases?
Once you have regular money flowing into your retirement plans and other investment accounts, consider automating investment purchases so that your cash doesn't pile up. Many brokerage accounts will allow you to set up an automatic investment plan.
