A recurring investment with Roots is a strategic approach that allows you to automatically invest a set amount of money into the Roots fund at regular intervals, offering the choice between monthly or quarterly investments. This system is designed to simplify the investment process, enabling you to consistently grow your investment over time without the need to manually execute each transaction. Here’s a closer look at how it functions:
Flexibility in Amount and Frequency: You have the liberty to select any amount for your recurring investments, as long as it meets the minimum requirement of $100. Additionally, you can choose the frequency of your investment—either monthly or quarterly—providing a schedule that best fits your financial planning and investment goals.
Automatic Investments: Upon setting up a recurring investment, the predetermined amount is automatically transferred from your bank account and invested in the Roots fund on your chosen schedule. This automation ensures that your investment portfolio continues to expand regularly with minimal effort on your part.
Customizable Investment Date: You can specify the exact date when your recurring investment will be deployed each month or quarter. This feature offers further personalization of your investment strategy, allowing you to align your investments with your financial cycle, such as right after payday.
Adjustability: The system allows for adjustments to the amount, frequency, or specific date of your recurring investment at any time. This flexibility is crucial for adapting your investment approach in response to changes in your financial situation or investment objectives.
By choosing a recurring investment with Roots, you engage in a "set it and forget it" strategy, which is highly effective for committing to long-term financial goals.