Yes, Raiz invests automatically.
Raiz is a micro-investing platform that uses round-up investing to help you invest spare change. This means that Raiz automatically rounds up your everyday purchases to the nearest dollar and invests the difference. You can also choose to invest a fixed amount regularly, such as weekly or monthly.
Here's how Raiz's automatic investing works:
- Link your bank account: Connect your bank account to your Raiz account.
- Set up your investment strategy: Choose from a range of investment portfolios based on your risk tolerance and investment goals.
- Round-up your purchases: Raiz automatically rounds up your everyday purchases to the nearest dollar and invests the difference.
- Regular investments: You can also set up regular investments, such as weekly or monthly contributions.
- Automatic rebalancing: Raiz automatically rebalances your portfolio to maintain your desired asset allocation.
This automated approach makes investing accessible and convenient for everyone, regardless of their investment experience.
