Autoinvest - More investment schedule options
under review
P
Peipei
I would like to see a feature that allows me to manually transfer money to trigger autoinvest rather than the fixed schedule. Thanks.
Hayden Smith
Peipei: Hey Peipei, our automation feature can currently do this!
Gautam P
I would love to make this feature more generic giving investors the option to invest $$ on date more than once. For example I want to invest $x on 15th and then $y on 20th etc. complete freedom of investment if you have $$ in your cash account. Which I can change every month if I need. This is a common feature in my Indian broker platform. Hope it makes sense.
Hayden Smith
under review
Hello, we will review this before deciding if to progress or to close. For anyone who voted on this, is there any background you can provide to explain the scenario where investing on Xth day of a certain month is useful to you? Is this related to how you're paid? We like to dig deep and understand the problem.
Serrin
Hayden Smith:Thanks Hayden. For me I would like to invest using DCA on the 2nd Monday of every month. This is for a few reasons.
- Historically (on average) Monday is the best day of the week to invest (bad news if often released by companies on a Friday)
- Historically the best time of the month to invest is between 10th-14th
- I will know the money will be deducted on a weekday (won’t fall on a weekend)
- I’m paid monthly around the 10th of the month
For these reasons the 2nd Monday of the month suits me.
Hayden Smith
Serrin: OK, thank you, this is incredible context. We will keep an eye on this.