What is automated investing
Automated investing utilizes computer algorithms to choose and trade exchange-traded funds (ETFs), stocks, and other assets without a human, financial advisor overseeing it.
How can you benefit from automated investing?
Automation means you can keep your investments up during times of panic and uncertainty. If you were to manage investments manually, you might be too conservative during these moments.
It’s easy to let your heart rule your head, as you may start to panic, or you can end up chasing losses. Emotions are taken out of the equation when you use an automatic investing tool, which ensures you always make the most appropriate investment decisions based on your strategy.
If you’re in control of your investments to the extent that you make them manually, you may not be consistent in your approach. Most people find that they don’t invest the same amount every month when using this strategy.