There is a new tool chart available in Ireland since recent times called BuxZero
They are trying to get the word out there and they reached out to me to see if I wanted
to make a video about their platform. So I have been messing around with their mobile trading apps for the last few days to see
if they have any cool features or anything interesting to talk about. While there are positive and negative things about the app there is one feature that I
really like and that is their EPS investment plan feature. So that is what I want to show you today
I will also get around to doing a review of the app itself and compare it to some of
the other brokers that are available. Hopefully I will get around to that soon. BuxZero are not paying me in any way to do this video but they have currently offered
a promotion where anybody who signs up with my link below in the description section could
get a stock value up to 200 Euro. The way it basically works is if you decide that you wanted to sign up for their app you
would get a free stock once you make your first deposit. And I will get a little kickback too for you signing up
And the cool thing is you can get up to 10 free stocks if you also recommend it to your
friends and they also sign up for the platform. This must be handy for somebody who is completely new to investing to try and get a bit of a
kickstart on their portfolio. So anyway back to the BuxZero ETF investment plan
In my opinion this is a great plan for anybody who likes to sleep soundly at night
You don't want to be just checking your stocks every single day always worried if they are going up or down
You just want to regularly invest into something and see your wealth steadily grow
So I have the BuxZero investment app in front of me here now and I will go through a little
tutorial on how you can set up an ETF investment plan. So I'm on the homepage here now of the app
So where you need to go is to your plan section. So I'll just click on that. And that will prompt you then to set up your plan
I'll just hit set up here. And just so you know the fee structure for this plan it will cost you 1 Euro every month
No matter how many different trades or ETFs you're invested in it will just cost you 1 Euro
So I'm going to hit the start now button. So at the very top here it just goes to select the days that you want to invest your funds
every month. So it will automatically set here to the 28th day of every month
So you can change that to whatever time you want. Then it is simply just a matter of selecting what different ETFs that you want to regularly
invest in. So I'll click the add button here. As you can see here on the list there is all of the different popular ETFs that you would
regularly invest in like the S&P 500 or the PUSHy and all of these types of different ones
So if you want to learn about some of the ETFs as well you can just click on one of them and it will give you a bit of a description about what it's about and what's in the ETF
And it will also give you a link to the key information document if you want to go and
do something a bit more efficient. I'll just invest here in the S&P 500
So you just hit the plus button here. Then the S&P 500 here will appear in your plan and you can decide how much money you
want to allocate towards it every month. So it's simple as that. You can add in as many different ETFs as you like. Then simply just hit review the plan and it will give you a summary and it will be set up
And that's pretty much it. It's completely set up. All you have to do then is just to keep your account on this. And this will automatically take that bit of money every month on the 28th day or whatever
day you choose and automatically invest it in the ETF and you have very little work
to do. It takes the work completely out of investing so it might not be for everybody
If you're somebody who loves looking into the stocks and is a bit of a stock nerd then
it probably isn't something that you would regularly do. But for somebody who just wants to try and make a bit of a gain but you don't want to
spend much time looking into stocks then this is probably a good option for you
One of the most foolproof ways that you can invest is through an ETF because it offers
you the most diversification that you can possibly get. You're never exposed to any particular stock at any time
And this really reduces your overall risk. You're not going to make your risk by making a once off investment into an ETF and leaving
it there. You need to be consistently and regularly investing into the ETF
The huge benefit of say committing to investing at least once a month into an ETF is you also
get the benefit of buying diversification. If you are somebody who regularly tries to find the market and picks the perfect time
to try and make your investment, more than likely it probably doesn't work out for you
When you are making regular investments at the same time of every week or every month
then the timing doesn't matter as much. The added benefit of that is if you decide that you're going to invest no matter what
on this day of every month, this completely removes the emotion from investing which is
often some people's biggest weakness. If the ETF is lower one month because of a worldwide downturn then you will get more
shares for your money in the ETF. And when the economy is booming you will get slightly less but over the long run this completely
averages out. And you don't have to be investing huge amounts to see significant growth in your money
Let's look at this example here. Two different people. One person puts their money into a savings account so they put $200 a month into a savings
account that gives them 2% interest every year. The other person puts their $200 a month into an ETF so they decide to put it into the S&P 500
Over a 50 year time period the person who put the money into the savings account ended
up with $143,000 compared to the person who put their money into the S&P 500 which ended
up with a value of $1.3 million. This is obviously a very extreme example
You're not going to have somebody who probably regularly invests like that for 50 years
Also you're not going to get a savings account at the moment that will give you 2%
But you get the idea that once you invest consistently that the cumulative effect of
all the compounding really slows your money over the long term. This is why I think this Buffs Zero feature is very helpful even though it is very simple
to use. So that's pretty much it for my video today. Thanks very much for watching
And for anybody who still wants to get the free stuff remember to use the link below