Feb 1, 2020

What is an Automatic Investment Plan?

Written by MoneyLion
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Many people delay investing because they think they need a lot of money or expertise to get started. With MoneyLion, there’s no need to wait. You can start building wealth no matter where you are in life. The sooner, the better.

Getting started is the first and most valuable step, and when you start with an automatic investment plan into our fully managed investment account, you can set it up from the start and then sit back and relax while you invest on autopilot.

An automatic investment plan is the genius process of scheduling a recurring transfer from your checking account into an investment account. You’re taking money from a place where it doesn’t grow and putting it in an account specifically designed to grow! An automatic investment plan helps your account grow more consistently and can help you reach your money goals faster. No matter how little you start with.

We make it easy to start investing with our fully managed investment account. We’ll suggest a personalized portfolio allocation and the right exchange-traded funds for you, and then we’ll manage your portfolio on an ongoing basis. You sit back and invest like a boss. There are no minimum deposit or management fees. You get personalized investing, which is a great way to build up your funds over time and consistently get closer to your goals.

Even better, our Auto Invest feature makes it easy to consistently set aside money for your goals. You just have to set it up once, and then you can go back to focusing on real-life! And once you set it up, you could turn $20 a week into $1,000 a year!

An automatic investment plan 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, you can change the amount of your automatic transfer at any time. Just try auto investing as much as you can, and you can always dial it back later. 

How Start Auto Investing Now:

  • Step 1: Join MoneyLion by downloading the app and opening a free MoneyLion Investment account. 

  • Step 2: Personalize your new investment portfolio by answering a few simple questions.

  • Step 3: Link your bank account to the MoneyLion app so you can make fast, secure transfers.

  • Step 4: Set up Auto Invest recurring deposits into your MoneyLion investment account to effortlessly build your investments. 

  • Step 5: Watch your account build!

With Auto Invest, your money automatically transfers into a fully managed MoneyLion Investment account. You can choose the date of your recurring transfer, and many people find it helpful to set up automatic investments on their pay dates. Plus, there’s no effort once your automatic transfers are set up.

With an automatic investment plan, 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. 

Remember, you don’t have to have big money to start investing. You can start investing even if you have poor credit and only a couple of extra dollars a week! It doesn’t matter. Investing is for everyone. Set up an automatic investment plan with 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 and building a brighter future!


MoneyLion
Written by
MoneyLion
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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 disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Accounts are subject to a monthly account fee of $1, $3 (accounts valued over $5,000), or $5 (accounts valued over $25,000).

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