Have you always wondered how to automate investments? We’ve got you covered. In this guide, we explain the following:
1. How to set up an automated investment plan
2. How to edit automated investment plans
How many times have you broken your promise to save or invest money? No worries, it’s a common challenge. I break my promises too. To actually save and invest, you need to go beyond self-will. You need an extra push, not just the fantastic interest rates we offer. Here at Cowrywise, we ensure that your wealth-building journey comes with that extra push.
This is why we have made it possible for you to automate your investments. You set a schedule; ₦4,000 per day for instance. Then, you relax while we take care of all the tricky parts. With automated investments, we’ve created an excellent way for you to invest without you having to do anything at all! Also, these have been tailored to accommodate everyone, regardless of income or faith.
How To Set Up An Automated Investment Plan
1. Download the latest Cowrywise app.
2. Signup and create a free account. You can log in after this.
3. Tap “Invest”, then tap on either the “Naira Mutual Funds” or “USD Mutual Funds” card.
4. Select a Mutual Fund to invest in.
5. Give your investment a cool name and select next.
6. Choose “Yes, enable automation”, and choose how frequently you want to invest.
7. Select an amount you’d like to invest periodically.
8. Choose a day to start investing.
Read more about how mutual funds work.
How To Edit Your Automated Investment Plans
We understand that when you first set up your investment, you may have decided to fund your investment once a month. Now you’re excited about how well it’s going, and you want to change the frequency. You can edit the frequency to weekly or even daily contributions.
To change your automation settings:
1. Log in to the Cowrywise app and tap “Invest”.
2. Click on either the “Naira Mutual Funds” or “USD Mutual Funds” card. Here, you can view all your investments.
3. Tap the investment you wish to edit.
4. Tap “Edit Investment Automation”.
5. Then, you can proceed to adjust how frequently you invest and how much you want to invest.
Can Automated Plans Be Paused?
Automated investments are great, but our aim is to create features that suit your needs. If your investment is currently automated, you can go to the existing investment plan and tap “Edit Investment Automation”.
Proceed by toggling the “active” option and switch it to “paused”. Once you’ve paused it, save the settings, and the automation will stop. Unless you reactivate automated funding for that investment plan, you will have to invest manually.
Still having doubts? We’ve made investing as easy as possible. Select from multiple mutual funds and start investing today.
ALSO READ:
Introducing Auto Reinvest: How To Make Your Investments Work For You
I enjoyed every bit of this article. Will return for a second reading.
Whoosh!
Thank you, Edima.
Just bookmark it in your browser for easy access.?
Mobolaji no words just thank you for this beautiful piece!
The push I needed..thank you
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This was worth every minute. A real eye opener. Thank you Cowrywise!
Thanks for reading, Patience!
Thank you.
Sure doing my best to invest and save.
Wow…..I really appreciate your effort on this beautiful savings
☺️
I really enjoy reading your post. Please can you elaborate more on the design thing I do not understand it and if I want to invest for my wife or daughter, how do I go about it thank you.
Hi Oyebanji, it’s easy to invest for your wife and daughter. You can begin investment plans on their behalf with your account or use your referral code to get them to sign up. After they sign up, they can both start investment plans on the platform.
We’ll send you a comprehensive mail shortly.
Please read all about the Design Fund for women here: https://cowrywise.com/blog/investing-in-women/
Applications close on the 25th of March, 2021.
I loved every part of it. I loved how your vulnerability gave you the strength to be financially secured. Thank you so much! I took few notes I will work on.
Awesome! ??
Long but worth the read. I will spend my money better now. I will save and I have just been pushed to invest more than I ever have. Thanks for this piece.
Thanks for reading, Rhoda!
Please can you write every article on the INTERNET!!! This was so relatable yet so informative I felt like I was talking to a friend !!!! I love you already !!!
? Thank you so much, Obianuju.
Insightful!!! I enjoyed how you “gisted” the knowledge.
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Nice article.
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Just what i needed, thank you!
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Beautiful write up.
The “do not eat tomorrows yam” hit the hail harder.
Thank you cowrywise for the many beautiful contents.
Thanks for reading as well, Victoria.
Thank you so much for sharing. I especially love how you delineated the plan to create the plan. Thank you really. This has been so helpful especially at this crossroads I find myself.
So glad it helped.
Wonderful I enjoyed the article
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This is archive worthy. Something you screengrab and then go back to everytime you loose guard
Whoosh! ?
Thank you, Amal.
I tell you
This was lengthy but encompassing, thanks for writing
Thanks for reading, Faith…
Factory setting occurred in my brain. Thank you sir.
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Wow!!! Love this Piece. Truely from a reset brain.
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This is an amazing write up and yeah, an eye opener. And I love the fact that it’s so relatable with the small small vernaculars, lol, e long but e sweet.
“e sweet”!
Haha. Thanks Folajimi
This is proper financial advice. You have mapped out s lot of strategies that will benefit me financially if properly applied as a young professional. Thank you for the sound advice, Mobolaji.
Awesome content! Great push! Thank you very much ma’am ❤️❤️❤️
Nice piece. Really inspiring to me even as a man.
What a nice article .???. You did a great job ma
I want to give you loads of hugs. Your post today couldn’t have come at a more better time. This post reminded me of Andy Mineo’s quote on Vulnerability…It draws people in closer to say ‘me too’. This was certainly the energy booster I needed after running numbers today.
I really enjoyed reading this. I’ll share with the teen girls I mentor. Thank you so much.
Such an insightful piece! You’re a good writer Mobolaji!
Thanks for sharing.
Thank you Mobolaji. Thank you very much.
Thank you for providing the materials needed to build a good financial culture.
Insightful and relatable!
You rock!!!!!!!!!!
Deep stuff, useful to both men and women alike!
Thank you for sharing!
I feel like saving this write up somewhere to be reading every month…If I hear say na for women alone…Thank you so much for sharing.
Thank you very much for this,
It is very relatable,
Every woman ought to be financially stable to avoid stories that touch,
Thank you once more.
I’m really touched by this guidelines and I see myself becoming greater from this piece ❤️
I enjoyed this article. Every line and wors spoke to me. Thank you so much, i really find this inspiring
I really enjoyed this article , thanks so much
Thank you so much for this❤️
I look forward to implementing what I learnt and reading more of your articles
This Uplifting article is just what I need as a Student who’s trying to be money-wise. Thanks, I’ll be sharing this.
This is really so insightful. Thanks so much, Mobolaji. I’ve got a new perspective
Thank you so much For the piece. May God help me to invest.
Thank you for this piece, I have taken a different path now to wealth creation, but do you or cowryrise offer mentoring programs?