Setting up recurring transfers
Time in the markets beats timing in the market.
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 on your bank app. Recurring transfers will deposit any amount at any frequency into your Stake account, as determined by you.
To set up recurring payments:
- Open the Stake app and click fund your account
- Select Bank Transfers
- Use the details provided to set up a recurring payment from your bank.
- Don’t forget to use your Stake account number in the reference.
- For more info on how to set up recurring payments select your bank below: