So I've had an extensive play with the auto invest scheme and honesty only lost $ every time.
Auto investment plans never account for the extra profits that can be made with the same time and effort it takes to set up.
Here's how only buy when stock is low... auto investing will not doo that you'll be buying at open prices as they both rise and drop that cuts into your bottom line alot so don't waste your time auto investing invest in yourself buy research and better strategy planning instead.
Good luck out there everyone
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You're saying literally the opposite of the widely accepted and timeless wisdom and golden rule of investing. For retail investors, "Time IN the market is more important and rewarding than timing the market." ☝️
The whole moral of auto-invest is so research, set your auto-invest goals, quantum, set it and forget it. It saves you from freaking out, panicking, and making dumb decisions. It also stops you from FOMO and overall waste of time with setting complicated order types etc. In the long run, the market tends to trend upwards, and so do good companies and/or ETFs. My strategy is to usually find good ETFs and auto-invest in those, that individual stocks. Before the recent correction (still ongoing) I was up 70% overall. Now it's down to 60ish%. 🙏
Great article, would you like to share it?