Investing can be simple, but to make it really simple, start an automatic investing plan. This presentation shows you a number of ways to get started.
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Automate
An investment program that allows
investors to contribute small amounts of
money, in regular intervals.
Funds are automatically deducted from the investor's
checking/savings account or paycheck and invested in a retirement
account like a 401k, IRA, mutual fund or ETF fund.
Simply buy a fixed dollar amount at regular intervals, regardless of
what the market is doing. Over time, you may be able to buy more
shares when prices are low and fewer when they're high.
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Returns over time
This graph illustrates the effects of investing $50, $100 or $200 monthly. Hypothetical
results are based on a $2,500 beginning balance, investments made at the beginning
of the month and an 8% average annual return.
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Setting up your Plan
Invest in a retirement plan at work and have the money taken out of
your pay “pre-tax”.
Set up an automatic transfer from your bank account to a mutual
fund. Most funds have this feature
Use a Dividend Reinvestment Plan (or DRiP). Most companies have
these available or try ComputerShare. You buy one share and then a
fixed amount monthly. Most are about $50 each month.
Use one of the newer “roboadvisors” most have a mobile phone
app.
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How Robo Advisors work
Provide a series of answers about goals, risk tolerance and personal
finances to the Robo Advisor on a web site or mobile app
Robo Advisor run the information through its algorithms
Recommends investments to fit the needs of the investor
You no longer have to wait – sample portfolios are ready in a few
seconds
Many Robo Advisors are completely free, and even those that aren’t
will be significantly cheaper than using a human advisor.
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Floyd Saunders
Author: Really Simple Investing, Family Financial
Freedom, College Without Ramen Noodles, Figuring
Out Wall Street and other books
At Really Simple Investing we provide educational
resources and offers unbiased product free
seminars on financial planning, money
management and investing.
Since 1996 we have providing clients with personal
money management and investing training tailored
to individual circumstances and objectives rather
than advisor incentives or commissions.
Our workshops are product free – We only provide
education.
Contact us at: info@reallysimpleinvesting.com
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