A recurring investment is like setting your investments on autopilot. Think of it as your self-driving Tesla completing the trip for you. And because you're investing on a regular basis, you'll be able to take advantage of investing returns and potentially earn more money over time.
Here are two reasons why auto-investments should be your new BFF when it comes to building wealth:
First, you have the potential to earn more money in the long run. By investing a fixed amount of money every month, you'll be able to take advantage of investing returns. This simply means you have the potential to beat inflation with any returns above inflation made from your investment.
Second, it's a low-stress way to invest. Investing can be intimidating, especially if you're new to the world of finance. By setting up recurring investments, you'll take some of the stress out of the process. Funds will automatically land in your EasyEquities account for you to invest when an opportunity comes along, or you’ll be able to set up a recurring investment into a specific share or ETF regularly. All you need to do is to set it up, sit back, and relax! And over time, those small contributions could add up to big results.
So whether you're investing in stocks, crypto, or managed portfolios, consider making recurring investments a part of your financial habits. It's an easy and effective way to work towards your financial goals over time, and it's a habit that will benefit you for years to come.
Read more about the different types of recurring investments that you can set up here