Automating your finances can be the key to achieving your financial goals. A tool like recurring investments is especially useful if you want to develop an investment habit.

In this article, we'll explore how automating your investments can benefit you and how you can use the recurring investments feature in Hapi to improve your habits as an investor.

Why automate your finances?

The bestseller by James Clear, Atomic Habits, mentions that automating your finances makes it easier to develop a savings and investment habit and is a great way to reach your financial goals. He argues that our financial habits, both good and bad, have a cumulative effect throughout our lives. Changes that seem small and insignificant at first will accumulate into enormous results, if you’re willing to maintain them over time.

For example, the book mentions that if you want to become an investor, a great alternative is to set up an automatic investment at the start of each pay cycle into your investment account. This way, you can eliminate the temptation to spend the money you see in your bank account. Creating an investment system that allows you to build recurring habits can foster the growth of your investments through compound interest.

At Hapi, we help you automate your finances with our new "recurring investments" feature.

What are recurring investments?

Recurring investments in Hapi allow you to automatically invest in stocks, ETFs, and cryptocurrencies. This feature lets you schedule buy or sell orders automatically, customizing the frequency, amount, and time period over which you want these transactions to occur. This simplifies the automation and personalization of your investment strategy according to your financial goals.

For example, you can schedule a recurring investment to buy $50 worth of Apple (AAPL) shares every week. This way, you don't need to log into the platform weekly to make the purchase, as the transactions will happen automatically. This allows you to average out the best prices and execute a more planned investment strategy.

What are the benefits of recurring investments?

Using recurring investments can help you achieve your goals by facilitating your savings habit. Some key benefits include:

• Invest automatically and flexibly: Schedule buy or sell orders according to your investment style and financial goals. Choose the frequency, amount, and time period for these transactions, while always maintaining control. You can also cancel these orders at any time.
• No additional costs: It’s a free feature available to all Hapi customers, designed to enhance your investment experience without extra charges.
• Save time and plan your investments: Set up long-term strategies, operate automatically, and free yourself from constantly monitoring the market. This way, you can focus on your financial goals.
• Take advantage of Dollar-Cost Averaging: Leverage the Dollar-Cost Averaging strategy by investing regularly at different points in the market. This principle, used by some of the greatest investors in history, like Benjamin Graham, mentor to Warren Buffet, helps reduce the risk of buying assets at high prices due to market volatility. Regular investing also helps you benefit from the 8th wonder of the world: compound interest. You worry less about predicting the market, while getting closer to your goals.

Note: You can schedule a recurring investment by dollar amount or by the number of shares.

How to create a recurring investment in Hapi?

Log into your account and go to the details of the stock you want to invest in. Select the buy option.

In the upper right corner, select "Order Types" and choose "Recurring Investments."

Select the frequency and follow the steps to define the execution date, time, amount, and the number of repetitions.

You will see the summary of the operation. Confirm the order, and you're done!

What else should you consider when using Hapi's recurring investments?

When scheduling a recurring investment, the total amount of the order is reserved from your buying power to guarantee its execution. If you choose to pause or cancel an order, it will stop executing.

Additionally, for recurring stock purchases, the total investment amount is calculated using an estimated average based on the current value. If the value increases, the order will execute up to the limit of your buying power and will then be canceled.

The same applies to recurring cryptocurrency purchases, where the coin’s price is set with an estimate of the current value, and if it increases, the order will execute up to the limit of your buying power before being automatically canceled.

How to edit or cancel a recurring investment order?

• Edit: Once a recurring investment is placed, it is not possible to edit the established conditions.
• Pause: Go to the order details and click "Pause order." The order will be paused until you select "Resume" or "Cancel."
• Cancel: In the order details, click "Cancel Order" and confirm your selection. The pending balance will be added to your buying power.

In conclusion, automating your finances through recurring investments can be a powerful strategy for achieving your long-term financial goals.

By removing the burden of constantly making decisions about your investments, you can develop strong savings and investment habits that accumulate over time. Additionally, you can take advantage of strategies like "Dollar-Cost Averaging" and compound interest, which are key to growing your wealth.

At Hapi, we are committed to simplifying your investment experience and helping you achieve your financial goals. With our new recurring investment tool, you can efficiently automate your finances and take the first step towards a more secure financial future. Start today with Hapi!