Wednesday, December 28, 2022

An automatic investment plan allows you to invest a specific amount of money consistently.


When you choose to automatically invest a percentage of your paycheck in your investment account, you're better able to resist the temptation to spend that money on unnecessary things.


You also don't have to worry about setting aside money for investments or letting your emotions affect your investment decisions.


Many employers offer automatic investing plans through their sponsored retirement accounts. Most brokerage accounts do provide the option to automate investments.


You can also automate your investments using software products like Robo-advisors.