“On the first of every month, $1,500 moves automatically from her transaction account into an investment account and buys the index fund.”
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Said on Dev Raga Personal Finance
She's On The Money · She Chose Europe Over a House Deposit. Now She's Questioning Everything.
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Enabled the bank’s everyday roundup feature and automatically invested the rounded-up cents plus 10 c from collected cans into a micro-investing account
“On the first of every month, $1,500 moves automatically from her transaction account into an investment account and buys the index fund.”
“…on a monthly basis together, they might go through their spending or their investment accounts…two people…looking at the credit card statement…bank statement…investment accounts…”
“Sell the investment, transferred the funds to your bank account, drove to the bank, withdrew the actual cash itself, and then spent the cash with real dollars”
“We bought 10% of our fund into ICICI Bank. ... ICICI has almost returned 5-6x for us, whereas HDFC Bank has really not gone.”
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