What kind of investment automatically reinvest for compounding effect to take place?
From the financial books i have been reading, compounding seems to be very important, but the products i am into doesn't do it automatically.
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Rais M
26 Feb 2020
Accountant at SME
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Alex Chua
26 Feb 2020
Seedly student Ambassador 2020/21 at Seedly
Robo advisory helps u do it
Etf helps u do it
P2p lending has an auto invest function so u can invest passively. The interest rate is also compounded per day
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There are some global indexes like IWDA and VWRA which are accumulating (dividends reinvested automatically) and you might want to consider.
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Andy Sim
26 Feb 2020
HR Professional at a Financial Institution
Most robos will help you reinvest your dividends if I'm not wrong. That what you looking for?
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You can look for etfs that reinvest their dividend or you can look for companies that provide the DR...
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It can be as simple as buying dividend stocks and reinvest all the dividends you earn back into the same stocks or to different stocks manually.
On a side note, almost all US stocks have a dividend reinvestment program (DRIP). Just inform the broker and they can set it up for you.
Alternatively, look for ETFs that offer to reinvest your dividends.