AutoBuy Plan Introduction
1. What is an AutoBuy Plan
An AutoBuy Plan is a convenient investment tool that allows you to invest funds on a recurring schedule. This handy feature can help lower the average amount you spend on investments and reduce the impact of volatility. The minimum investment for the Canada stock AutoBuy Plan is just 10 CAD, making it a great way to build wealth over time.
2. Benefits of AutoBuy Plan
An AutoBuy Plan has the following benefits.
Track quality stocks
Stocks that support an AutoBuy Plan are usually certified by the Canadian Investment Regulatory Organization (CIRO) and feature high liquidity. Many of these stocks pay dividends regularly. By setting up an AutoBuy Plan, you can easily invest in and monitor these high-quality stocks.
Flexibility
With an AutoBuy Plan, you can choose any amount and frequency at which you’d like to invest, whether it's daily, weekly, or monthly. You can also adjust, suspend, or delete your AutoBuy Plan at any time.
Help manage volatility
Regularly investing a fixed amount can help reduce the impact of short-term market fluctuations over time, as you can buy more shares when the stock price falls, and fewer shares when it rises.
Free up your time
As the AutoBuy Plan is a fixed amount invested on a regular basis, you don't need to monitor the market constantly. Simply pick your desired stocks and how often you'd like to invest, and we'll handle the rest.
3. Why Moomoo Canada
An AutoBuy Plan with Moomoo Canada offers you the most flexible investment schedule, you can invest daily, weekly, or monthly, and adjust, suspend, or stop the plan at any time while easily tracking profits and losses.
0 Handling fees
Commission and platform fees are charged according to the standard pricing for Canadian stocks, with no additional fees.
4. How do I set up an AutoBuy Plan
Here's how to create your plan in 3 steps.
a. Open the app, and go to Accounts > More > AutoBuy.
b. Create an AutoBuy Plan or pick a stock from Top AutoBuy Investments.
c. Select a Paying Account and Stock Symbol, enter an Investment Amount, and set the Frequency.
You can also tap "i" to view the specific rules of an AutoBuy Plan, and adjust, suspend, or stop the plan at any time.
