We've all had that moment where we found a great investment opportunity, but the timing wasn't right. Maybe you were in between pay days or your bank account was low. What if you could invest in that opportunity today, but defer the actual payment until your next paycheck?
You can do that with passive investing, a popular strategy among investors looking to maximize returns while minimizing buying and selling activity. Instead of actively managing a portfolio, passive investors rely on index funds and other low-cost, diversified investments. One way to make passive investing even more convenient is by using recurring payments. In this article, we will explore the benefits of passive investing with recurring payments and how to get started.
How Does it work?
Passive investing with recurring payments is a smart and convenient way to grow your portfolio because it allows you to invest on a regular basis without having to think about it. Instead of making a lump sum investment, you can set up a recurring payment plan that automatically invests a set amount of money at regular intervals. This can be weekly, monthly, or even daily, depending on your preferences.
You can invest in your future with a recurring payment plan, which allows you to make payments on an investment over time, rather than all at once or even every Friday afternoon when payday rolls around!
The benefits of recurring payments
The benefits of passive investing with recurring payments are numerous. First, it allows you to dollar-cost average into your investments. Dollar-cost averaging is the main strategy used at CryptoSimple where you invest a fixed amount of money at regular intervals, regardless of the price of the investment. By doing this, you are able to buy more digital assets when prices are low and fewer when prices are high, which can help to reduce the overall volatility of your portfolio.
Another benefit of passive investing with recurring payments is that it allows you to start investing with a small amount of money. Instead of needing to save up a large amount of money before investing, you can start investing with as little as 20 Euro. This can be especially beneficial for those who are just getting started with investing or who have limited funds available.
The first step to passive investing with recurring payments is to set up a plan in the app that specifies the amount and frequency of payments. Upon setting up your recurring payment plan, your money will automatically be invested at regular intervals.
In conclusion, passive investing with recurring payments is a smart and convenient way to grow your portfolio. By automating your investments, you can take advantage of dollar-cost averaging and start investing with a small amount of money. With the right investment vehicle, you can enjoy the benefits of passive investing without the need to constantly monitor or adjust your portfolio. If you want to grow your portfolio and make your life easier, consider setting up a recurring payment plan for your passive investments today.