Pick a fund with super low costs and feed it regularly by
auto deposit from your paycheck.
TD Ameritrade edges out Schwab when it comes to required account minimum ($ 0 versus $ 1,000, unless Schwab customers sign up for a $ 100 monthly
minimum auto deposit).
It's a strategy called dollar - cost averaging and one way to do that is to turn on
auto deposits.
There has been no problems with the checking account except for people who set up
an auto deposit and forget about the debit which causes overdraft fees.
No checking account,
auto deposits, or other hoops to jump through.
When you set up a Betterment account, you'll usually be asked to set up what's called an «
auto deposit.»
I didn't have to have a minimum because I am doing
an auto deposit each month.
I think
the auto deposit is a great idea sort of like auto bill pay through you bank but instead it pays you instead of your creditors.
It's a strategy called dollar - cost averaging and one way to do that is to turn on
auto deposits.
When you set up a Betterment account, you'll usually be asked to set up what's called an «
auto deposit.»
Open a savings account immediately, set
an auto deposit, and don't look at it.
That already started back in the late 1950's when, as an example, ManuLife on Bloor St. E. processed
their auto deposit payroll through a bank a couple of blocks away at Bloor and Church.
Each month I have
an auto deposit to the bank with the mortgages and they auto debit the account to pay the mortgages.