How to set up recurring payments on Stake
Time in the market beats timing the market.
How to set up recurring payments on Stake
- Open the Stake app and click 'FUNDS' then 'ADD FUNDS'
- Select 'Bank transfer' as the deposit method
- Use the transfer details provided to set up the recurring payment from your bank
- Don't forget to use your Stake account number in the reference
See below for more information on how to set up recurring payments with a specific bank.
Investing with a long term time horizon
In the long run, consistently building your portfolio can prove incredibly worthwhile.
Adding small to moderate amounts monthly can grow to huge figures when compounding by the S&P500’s average return of 9%.
Compounding returns in action over 30 years:
Starting with a $2,500 portfolio. Returns not guaranteed. Markets are volatile and involve risk.
That’s the beauty of compounding returns. Even Einstein said it was the 8th wonder of the world.
While history is not guaranteed to repeat itself, the S&P500 has returned a gain over every 20 year period in history.
Run your own projections using this compound return calculator.
One way to ensure you are consistently building your portfolio is by leveraging recurring transfers.
