Auto-investing rather than Auto-depositing would be a great feature.
It doesn’t work well when buying a particular number of shares, as you can’t attribute a reliable investment amount to a stock in advance. That puts the UK market out of the picture for now for FT.
The US market however is perfect for this feature now that we are using fractional shares.
If you are a regular investor who always deposits a certain amount every month and is interested in building up positions in various stocks over time, this is perfect.
For example you would choose a stock like Amazon (AMZN), set the amount such as £20 and finally the date to make your purchase every month such as 1st of the month. Voila
Me to,it’s a no brainier. Another share dealing company has it and it is magnificent. I am desperate for this to be available on Freetrade. I am so tempted to go with the other share dealing site and I would have by now except I have invested in Freetrade and I am trying to stay loyal “In the face of adversity”
As above, really… can we please have a way to automatically invest a set amount of money on a monthly or weekly basis?
And yes, I know I can set up a standing order, but what I really need is the ability to have that automatically invested into stocks or funds or my choosing.
This is basic functionality in many other investment platforms, including Hargreaves Lansdown which I left to join freetrade.
Love what you guys do, this would just make it that little bit sweeter!
Do we know how far away Autoinvest/Pies are in the roadmap. For me, think that would be the game changer that would shift me to Plus, as could subdivide ISA into sections for additional investment for kids (post-JISA) and wife (saving additional costs of her opening a separate SIPP)
Pie-style investment & auto-invest is the game changer for FreeTrade. They will know this now.
Come on FreeTrade don’t make the mistakes Monzo are making with their plus. CREATE YOUR VERSION OF PIE INVESTING & AUTO-ALLOCATION. Do not make the mistake that many other companies do. We want this.
I think they have to get over certain obstacles before they get to auto-invest, they need to get UK fractionals and also would need to have fractionals for other exchanges like EU stocks. I think once they’ve figured these out they’ll be able to get moving on AutoInvest.
