It can be time consuming to constantly keep track of your investment portfolio and time the market. Repeat Orders allows you to automate your investing plans by setting up daily, weekly or monthly investment purchases for your favourite stocks and ETFs.
Investing on auto-pilot
Investing can be challenging. Even experienced investors who try to time the market to buy at the most opportune moments can come up short.
Many have written about “dollar-cost averaging” as an investment strategy that can make it easier to deal with uncertain markets by making purchases automatic — so you wouldn’t have to try and time the market. It also supports an investor's effort to invest regularly.
Dollar-cost averaging involves investing the same amount of money in a target stock or fund at regular intervals over a certain period of time, regardless of price. By using dollar-cost averaging, investors may lower their average cost per share and reduce the impact of volatility on their portfolios.
With Lightyear’s Repeat Orders feature, you can set up daily, weekly or monthly repeating market buy orders. You can have full flexibility on deciding when these orders start and on what days they repeat, as well as cancelling these orders at any time straight from the app.
When investing, your capital is at risk