How can I automate my investments?

Question

Anyone has ever automated their investments, especially focusing on a long-term approach? Any recommendations?

Answer 1

To automate your investments, make automatic deposit into an index fund or a group of stocks (popularly referred to as a ‘pie’). Most investment providers enable you to make periodic investments of your choice on a daily, weekly or even monthly basis. With this strategy, you can ‘set it and forget it’, and make sure that you invest regularly without having to execute trades over and over. It is a systematic process which enables you accumulate wealth over a period of time and is almost optimal when used with dollar cost averaging.

Comments

The most common investment portfolio strategies include diversification, where you spread investments across different asset classes to manage risk. Another is the growth strategy, focused on capital appreciation through high-risk, high-reward assets. Income-oriented strategies target regular income from dividend stocks or bonds. There's also the value strategy, seeking undervalued assets for potential long-term gains.

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I'm new to investing with about $250k saved and ready to invest in stocks, and would like some expert advice on the best strategies and resources for beginners.

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I enjoy listen to Mark on its teaching.But the little problem i have is that,i don't know how to start investing ,i really hope someone can put me through .

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The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?

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It took me four years to discover that forecasting the market based on charts is pointless; you never know what will happen. Without a mentor, those four years were miserable. Now, I read market trends and keep things basic and disciplined. I currently earn an average of $35k every week, despite the fact that I barely trade myself.

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I don't mean to brag but I just paid off my mortgage! I put in 10k into various assets last year and flipped into six figures within a couple of months and still going. I hope to attain financial freedom soon. One more thing, keep up the good work brother.

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Literally started learning this stuff last night. I lost my job last month but I live at my parents so it's not too bad I have like 1100$ left, and next month bills are already paid. Hopefully this could be my full-time job since I can't get another one for almost 50 days

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I want to start investing but feel unsure of where to begin. Do you have any simple advice or connections who can guide me?