How have billionaires made their fortunes? Often we think it’s through highly complex techniques and specialist knowledge, that take years to even begin to understand. Well, it’s time to think again.
The truth is, there are many simple investing techniques that you can get started with today that will make a real impact in building your wealth over time. And the great news is that you can now get started by using your debit card, from almost anywhere in the world.
Welcome to automatic investing
With iBillionaire, we offer a really cool feature called automatic investing. Whether through our phone app or on our website, you can schedule a set amount of money that will be invested in to the strategies of your choosing. So, what is the big secret?
Automatic investing is great because of how easy it is. And it works so well because it’s actually a strategy used by the world’s wealthiest, too. In fancy investing terms, it’s called dollar-cost averaging. It’s a technique used by many high level investors to make millions of dollars every year.
What is dollar-cost averaging?
Dollar-cost averaging is an investment technique of buying a fixed dollar amount of a stock or fund on a regular schedule, regardless of the share price. It sounds super complicated but it’s actually very simple: rather than buying a lump sum of an investment in one go, investors instead buy a series of smaller amounts at different values, on a regular basis.
The premise is that by buying stock at a range of different prices over a long period of time, dollar-cost averaging can lower the average share cost over time, increasing the opportunity to profit. We all know that the markets are extremely volatile and the strategy allows you to minimize some of this risk. In a way, dollar-cost averaging can be seen as a sort of insurance policy, sacrificing some larger gains in order to protect yourself from larger losses.
As Buffett’s mentor, Benjamin Graham, once said of dollar-cost averaging: “Such a policy will pay off ultimately, regardless of when it is begun, provided that it is adhered to conscientiously and courageously under all intervening conditions.”
So it doesn’t matter when you get started, just as long as you stick with it through the good and the bad. We recommend that everyone invests for the long-term, ideally 20 or more years, so dollar-cost averaging fits in extremely well with this philosophy.
Why this strategy can work for you
Let’s face it, not all of us have a large amount of cash set aside that we’re ready to invest. That’s why this strategy can be particularly beneficial for those of us who struggle to save.
Automatic savings are a great way to ‘trick’ yourself into saving more
Dollar-cost averaging works really well for those of us who are unable to set aside a considerable amount of money in one lump sum. With this technique you’re not trying to time the market, nor are you spending a lot of time choosing your stocks or building us a large pile of cash. You can get started with automatic investing with as little as $5 per month.
Auto-investing allows you to slowly build your wealth over time, by saving just a small amount every month or week. It’s great way to ‘trick’ yourself into saving. If you’re paid monthly, why not choose to automatically save a portion of your paycheck every month? If the money comes out of your account automatically, you’ll hardly notice that it’s gone. You’ll find it much easier to get into the habit of saving regularly, which is key to building up a solid portfolio.
It’s simple: you set it up once and that’s it. Automatic investing is dollar-cost averaging made easy through iBillionaire.
Once you’ve decided, set it, forget it, and watch your savings grow.
Automatic investing is a real time-saver
There are many benefits to choosing automatic investing as an investment technique. It takes away the stress and hassle of choosing where to save every month. With automatic investing you set it up once and then your money automatically goes into the allocated funds of your choice.
Not sure where to get started? Take a read of our guide, how to invest $1,000, for tips on where to put your money depending on your age. These tips still apply if you’re only investing say $100 a month – just break up the allocations in the same ratios.
For exampe, if you’re a high risk investor, you might consider the Growth Strategy or FAANG stocks. Moderate risk investors and conservative investors might simply choose the Moderate Risk Strategy and the Conservative Strategy, respectively. There are lots of investing options to suit your risk tolerance and personal financial situation.
How to get started
Follow the step-by-step guides below to see how easy it is to start investing automatically. It truly takes no time at all.
Here’s what you need:
- Your debit card
- The iBillionaire app
- A photo of your ID
- For added security, a photo of your bank account statement (we just need your name & the bank’s name on it)
Next, follow the steps in our guide. The first section shows you how to open an account on the iBillionaire investment app which really does take only 5 minutes.
The second section shows how international investors can connect a debit card to iBillionaire. It’s really quick to connect your account and all debit cards are accepted within 2-3 business days. Most are accepted within 24 hours which means you can get trading quickly and easily. Once this has been approved, you can now buy American stocks with a debit card from (almost) anywhere in the world.
Don’t worry, we don’t store any of your sensitive personal data, only the information we need to make your life as easy as possible.
You don’t need to be rich to be an investor
The beauty of dollar-cost averaging is that you don’t have to be rich to get started. By investing in small amounts over time it’s much easier to get started and to build a lifelong habit that will pay off again and again in years to come.
For example, say you want to invest $10 every week into two funds: the S&P 500 and FinTech. It’s easy, just set-up an account, connect your debit card or bank account and then choose your weekly allocation as above. The great news is that you only have to set it up once and then that’s it. You can relax knowing that you are saving a regular amount and investing it in the stock market.
Don’t think $10 a week will make a big difference?
If so, take a look at this:
Watch this video to see how you could have turned $13,430 into $47,602 by investing $10 every week with this easy dollar-cost averaging technique for the last 25 years. Note, this is IF you stayed invested in 2008, and didn’t get spooked and sell. Follow the wise words of Benjamin Graham – stick with it!
Dollar cost average with iBillionaire is easy. Choose your investing strategies and the regular interval that you can afford. Then just set up an auto investment plan and take advantage of this cool secret technique that billionaires have known about for years.
It’s easy to get started, why not give it a go?
How to Upload your Debit Card & Buy Stocks...
...From anywhere in the world! Once you create an account on iBillionaire, it's easy to link your debit card and start investing with just $5. You can link a debit card from just about anywhere in the world!
Click on "Settings" in the Android App.
Scroll to "Payment Methods" and click on it.
Select "Debit Card"
Select "Add Debit Card"
The debit card reader can pull your info automatically
Next, your camera will open and you'll see a screen with an option to fit your debit card in the designated rectangle. The debit card reader can pull your information from your card automatically, so you don't have to write it out. If it doesn't work, just hit "Keyboard" to enter your info by hand.
If the debit card reader didn't automatically pull your info from your card, enter it here. Then click "Take A Picture."
Glide your finger on the screen to white out sensitive info
White out everything but the last 4 digits of your card & your name
Confirm all of your info is correct
And that's it! Your debit card should be verified within the next day or two, at which point you can start investing!