A Recurring Investment on Vested is a convenient feature that allows investors to automate their investments in U.S. Stocks and ETFs. This tool enables you to consistently invest in any stock or ETF of your choice at regular intervals, which can be a powerful strategy for building your investment portfolio over time.
Key Features of Recurring Investment on Vested:
Automated Investments: Once set up, the recurring investment feature automatically invests a specified amount of money into your chosen US Stocks or ETFs at regular intervals. This automation ensures that your investment plan is consistently executed without the need for manual intervention each time.
Customizable Schedule: You have the flexibility to choose the frequency of your investments – whether it's weekly, bi-weekly, monthly, etc. This allows you to align your investment schedule with your financial planning and cash flow.
Simplifies Dollar-Cost Averaging: This feature is ideal for implementing a dollar-cost averaging strategy, where you invest a fixed amount of money at regular intervals. This approach can help reduce the impact of market volatility on your investment, as you buy more shares when prices are low and fewer shares when prices are high.
Ease of Use: Setting up a recurring investment on Vested is straightforward and user-friendly. You simply select your preferred stock or ETF, set the amount and frequency of your investment, and let the platform handle the rest.
Flexibility to Modify or Cancel: You have complete control over your recurring investments. You can easily modify or cancel your investment plan at any time, giving you the flexibility to adapt to changing financial circumstances or investment goals.
The Recurring Investment feature on Vested is an excellent tool for investors who want to build their investment portfolio in a disciplined and hassle-free manner. It is especially beneficial for those who believe in long-term investing.
Note: The recurring investment feature is currently only available for US Stocks.