Investing in US stocks with Regular Savings Plan (RSP) and start with as little as US$10

Are you dealing with a tight budget and eyeing stocks that seem just out of reach?

Tired of the relentless market ups and downs, but feel stuck on when to make your move?

Regular Savings Plan (RSP) on moomoo might help you out.

The RSP is a smart investment method that lets you steadily buy into specific US stocks and ETFs with a set monthly amount.

If funds are tight, you can trade in fractional shares. You also have the freedom to tweak your investment size and schedule as you see fit—buying more when the market's hot and pulling back when it cools off.

And with a starting point as low as $10 a month, you can buy at different levels, and grow your portfolio one step at a time

Ready to set up your RSP with moomoo? Here's how you can do it in five easy steps:

1. Open moomoo, and tap on Accounts > an account > More > RSP.

You can also find RSP under the Market > US page.

2. Tap on View All, you can view all the stocks and ETFs that support RSP.

3. Select the stock or ETF you want to regularly invest in and set up your investment strategy:

• Paying Account: Ensure sufficient funds are available in your brokerage account on the day of investment to avoid leveraging your margin.

• Stock Symbol: A curated selection of stocks is eligible for regular investment. Explore the options by selecting "View All" within the investment plan menu.

• Investment Amount: Start with $10 or more. This is exclusive of transaction fees, which apply as per standard trades.

• Contribution Frequency: Opt for a daily, weekly, bi-weekly, or monthly contribution schedule—excluding the 31st. Should a public holiday coincide with your investment date, we'll reschedule for the subsequent trading day.

4. After setting the above options, tap on Buy and confirm the details. Now you've set a regular savings plan!

5. If you wish to refine your strategy, navigate to "My Investments" and manage your investment plan.

• Edit: You can alter the investment sum and frequency.

• Suspend: You can pause the upcoming transaction and resume the plan.

• Stop: Your plan will discontinue and is unable to resume.

Note: Your plan will be automatically discontinued if there are three consecutive payment failures.

Tips:

Before you actually set up your strategy, Investment Calculator can help you forecast potential returns based on historical stock performance and your specified investment parameters.

For instance, Investment Calculator will show you an estimated yield based on historical data if you invest $10 monthly in NVDA over the past year.

Remember, such projections are not promises. Just consider past trends as one of many factors in your investment decision-making.

That concludes our tutorial on Regular Savings Plan. Ready to start with moomoo? Join now!