Should You Consider Automated Investing?

Wow, First

I automate all I can. Get paid twice a month and funds automatically go to emergency fund, property tax sinking fund, special certificate of deposit (for longer term purchases) and three separate investment accounts.

Automated dollar cost averaging is the way to go. What about robo investors/financial advisors?

Automation is awesome when you can spend that time on other important things. Just don't forget to check things here and there 🤙

Personal Capital has an amazing dashboard for financial planning

I use M1 Finance. M1 Spend is my main checking account and if the balance goes above a certain amount, the excess automatically transferred to my taxable account and invested. Because I live way below my means, more than 25% of each paycheck is automatically invested each time I get payed.

Happy father's day to you all

While I have automated most of my recurring payments it is still very important to look over credit card bills every month. I caught some fraudulent charges on my wife's card a few months ago.

That's one of the main benefits of why I use mutual funds vs ETFs. Automate and dollar cost average into them, and just let it grow.

I have everything automated and still love my color coded, categorized spreadsheet. It helps me visualize where I've been and plan where I'm going. It's so interesting to review past years.

I enjoy admin work, and having control of expenditure (to help curtail spending also). I can’t automate things. When I return to work, I can likely look into doing it then. But I also don’t think that we have such awesome sounding software available here in Australia… I’ll definitely look into it though when the time comes.

I love automation, with review. I have one backup budgeting app, Emma, which attempts to auto-categorize transactions. It then allows me to recategorize things and change it so a given company will get categorized in the future. This is slick, but Emma just doesn't do everything I want to do.

However, as I said, this is my backup budgeting app. My primary is Mvelopes. We take 5-10 seconds after each transaction to manually enter it in and say which envelope the money comes from. In 2 business days when the transaction clears, it takes 1 second to match it to what we entered. Best of all, this allows us to catch fraud or if we forget within just a few days. Typically I get the Mvelopes transaction set up while in line at the grocery or whatever store, and by the time they get it done and I have the total I key it in as the credit card chip is finishing, and I'm done before I ever get my receipt.

I have everything automated except for credit cards. It forces me to look at the statements. I found a fraudulent charge of $300. Funny thing is, I have alerts sent to me for any charge over $300. It made me feel like it was an inside job. Lol. Because, if it had been $301, I would have gotten an alert!

Nobody becomes a millionaire or billionaire by working for others and depending on them , good investments breed millions of dollars and consistency breed billions

The dip is back ....guess $2000 will be okey to invest to hit $5k

Can you ask BO where he got that shirt? 👕 I want one

Yes! Pull out the money before you ever see it. But… buying index funds at a Schiller P/E of 30+ is just throwing money onto a burn pile.

Personal Capital is great for me. Very streamlined interface with no-nonsense tracking and fluff. $500/mo. into an IRA and $294/wk. into brokerage on Vanguard automatically.

Can't miss it if it never sits in my bank account.

Auto bill pay and 401k contributions are awesome. I haven't used a robo advisor though because I like to have control over the ETFs in my taxable account. Some friends have gone that route and it's hard to undo without incurring lots of capital gain.