Grab : What is dollar-cost averaging? | Investing Nugget

You can do it too!

The good news is you'll only need 2 things to practice dollar-cost averaging- discipline and patience.

At this point, you may be worried about having enough determination, or that the admin fees may add up from the multiple investment transactions.

Fret not! We've got two perfect solutions for you - AutoInvest and Earn+.

AutoInvestmakes setting money aside so simple and flexible, you'll be hard-pressed to find an excuse not to do it.

No more navigating complicated processes to grow your wealth! AutoInvest lets you put aside any amount regularly and on the go ($1 (!), $2, $5) whenever you use any Grab services. This way, you'll be investing even when you're not thinking about it!

This amount will then be invested into a smart, low-risk portfolio managed by best-in-class asset managers, to earn you 1.18% interest rate p.a*. When it comes to fees, it's completely free to invest habitually because topping up your AutoInvest account with your GrabPay wallet is free!

On the other hand, with Earn+, your money is invested into a low-risk, diversified portfolio to earn you an estimated 2 to 2.5% return p.a*. The portfolio is made up of short-term bond funds which are low-risk investments, managed by our expertpartners- Fullerton Fund Management and UOB Asset Management.

Want a more in-depth comparison of the two? Check outthis articlewhere we break it down for you!

*Projected yield and returns are not guaranteed or protected. Please refer to our current projected yield and returns.