What is the AutoInvest program?
The AutoInvest program authorizes OneGold to make automatic purchases for you based on a set dollar amount, ounce amount, and frequency. You can set a start date to begin the program and select how often to invest (daily, weekly, bi-weekly, monthly, or quarterly).
What are the benefits of the AutoInvest program?
The AutoInvest program makes it easy for you to create a metals-backed savings account or to scale into a position. The program saves you time by eliminating the need to log into your OneGold account daily, weekly, monthly, or quarterly to make a purchase. In addition, choosing to set a fixed dollar amount allows you to dollar-cost average an investment in gold, silver, or platinum.
How do I enroll in the AutoInvest program?
The AutoInvest program can be accessed by going to the "Settings" section of your OneGold account and clicking the "AutoInvest" link. From there, select your product, the amount you wish to invest, your payment method, and the interval for how often you want to make an automatic investment.
How can I delete a scheduled AutoInvestment?
This process will vary depending on whether you are using the mobile app or the desktop version of our service.
- AutoInvestments can be deleted at any time from your desktop on the AutoInvest page. Click on the transaction you wish to alter, then click the "delete" button. These changes will go into effect immediately, and any future AutoInvestments will be removed.
- If you're using the mobile app, you can navigate to the AutoInvest page by going to settings and selecting "Automate your Investing." You will see your orders here. You can select the order to edit it, or tap and hold on the order and swipe to the left to be given the option to delete.
What is dollar-cost averaging?
Dollar-cost averaging is a technique of investing a predetermined dollar (or any currency) amount at regular intervals. If metals were to decline, you would be purchasing a greater number of ounces. Conversely, if the price of metal increases, you would purchase a smaller number of ounces. The value of dollar-cost averaging is in not needing to worry about investing at the top of the market or trying to determine when to get in or out of the market.