How To Auto Invest and Put Your Goals on Autopilot
Over 90% of MoneyLion members are first-time investors because MoneyLion makes it super easy with a fully managed investment account, no minimum deposit, and simple, personalized investing, which is a great way to build up your funds over time and consistently get closer to your goals.
What is Auto Investing?
MoneyLion has a new feature called Auto Invest that makes it easy to consistently set aside money for your goals. With a few clicks in the MoneyLion app, members can turn $20 a week into $1,000 a year!
How to Auto Invest? Auto investing is the super-smart process of scheduling a recurring transfer from your checking account into an investment account. Setting up automatic investments helps your account grow more consistently and can help you reach your savings goals faster.
Plus, there’s no effort once your automatic transfers are set up. You don’t have to remember to pay yourself first each month; it’s automatic! You don’t have to resist temptation either — the money goes straight to your investment account and stays out of your hot little hands.
Even better, with Auto Invest, your money automatically transfers into a fully managed MoneyLion Investment account. We take care of everything for you. You get a personalized, diversified portfolio, with no minimums or management fees.
Why Auto Investing Instead of Auto Saving?
Much like auto investing, auto saving is an efficient way to have money from your account automatically transferred into a separate savings account at specified points in time. However, auto investing can be much more powerful way to build wealth because your money typically grows at a higher rate than a standard savings account.
According to the FDIC, the standard interest rate on a savings account is .09%, but the expected return on a moderate investment account is typically higher. While auto saving and auto investing are similar, we want to see your money actually grow — or at the very least keep up with inflation! So keep reading on how to set up auto investing in a fully managed investment account through MoneyLion.
How To Get Started Auto Investing
Auto Invest from MoneyLion lets you set up a plan to transfer deposits directly into your MoneyLion investment account. It only takes minutes to set up, and you pick the amount and the pace of your automatic deposits. Want to invest $10 a week or $20 a week? You got it. $25 a month? Sure! $100 a month — Go for it! The more you can set aside, the better.
With Auto Invest from MoneyLion, you can change the amount of your automatic transfer any time. So you’re not locked in. Just try auto saving as much as you can, and you can always dial it back later. Now that you know how to Auto Invest, you just need to get started!
How Does MoneyLion Invest my Money?
When you set up a MoneyLion Investment account as part of a free MoneyLion Core membership, you’ll answer just a few questions in the app, and we will determine the best way to invest your funds into stocks, bonds, and ETFs. You can accept or modify our recommendation.
Here’s what you need to do.
Step 1: Join MoneyLion by downloading the app and signing up for our free Core membership.
Step 2: Personalize your new investment portfolio by answering a few simple questions.
Step 3: Link your bank account or add funds to your new MoneyLion checking account.
Step 4: Set up Auto Invest recurring deposits into your MoneyLion investment account to effortlessly build your investments.
Step 5: Watch your account grow!
Grow Your Savings Faster With Auto Investing
Set up auto investing to help effortlessly build up your nest egg with just a few clicks on your smartphone in the MoneyLion app. Make 2020 the year you take control of your finances and improve your financial knowledge.
Remember, you don’t have to have thousands of dollars to start investing anymore. Access to the world of investing is at your fingertips, and you can get started with no minimum deposit. Set up Auto Invest for your account to consistently transfer as little or as much as you are comfortable with each paycheck — and just like that, you’re an investor!
Investment advisory services provided by ML Wealth, LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclaimers relating to the MoneyLion Investment Account, see Investment Account FAQs and FORM ADV. Broker-Dealer may charge a $0.25 withdrawal fee, among other fees. Accounts are subject to administrative fee of $1 per quarter.