Online broker Robinhood has just launched a service that automates investments in digital assets at regular intervals.
The possible options include a day, a week, once every two weeks, and a month. The service cost is just $1.
It is expected to become available to all users by the end of the month, except for residents of New York State. We should take into account that no transaction fees are charged.
According to the blog post on the company’s site:
“Saving is a habit, repeated investment is consistent with a strategy to build assets over time.”
Investing regularly allows users to focus on long-term growth, reduce risks and reduce the stress associated with timing. The service actually implements the Dollar-Cost Averaging strategy, which means that price fluctuations are smoothed out and the risk of buying assets at highs is reduced.