Back
How can I reinvest my profits from shares to apply compound interest to my investing?
First-time investor
Hello, I cannot get my head around it and I hope that someone will explain to me in very simple steps how to reinvest my profits from shares (US and/or AU), not only from dividends, while investing on Pearler? I cannot find this info anywhere. I understand the concept of compound interest but I lack the knowledge how to imply it into my investment on Pearler.
17 views
Share
2 likes
Comments (3)
Sign in to add a comment
Hi Aleksandra,
To expand on Dave’s second point, we have some features on the platform to help with this.
Apart from opting in for any DRPs at the share registry, you can also reinvest dividends by having it paid into your pearler AU Cash (which is the default preference) and we can automatically transfer it into your Autoinvest Shares Cash account to be included in your next Shares Autoinvest. Simply head to your Settings > Share settings and dividends page and toggle on the following feature:
If you are looking to add a boost to your next Autoinvestment on top of your regular deposits (cash from selling holdings or a bonus from work), you can always transfer any funds in your Autoinvest Shares Cash account and the whole Autoinvest Shares Cash balance will be invested on the next trading day between 10:30 am – 11:00 am according to your chosen investment strategy.
To have external deposits go directly into your Autoinvest Shares Cash account, please include the reference provided during your Autoinvest setup «automateXXXXX» when making the deposit from your own bank.
Hope this helps! :)
Reply
1 like