How to decide what to set as the investing threshold?

Hello, I'm new to investing and I've just set up an account with Pearler, I've set up a recurring deposit of $1000 each month. The part that I'm not sure about is what to set as my threshold for investing. I've used the Shares Investing Frequency Calculator (https://pearler.com/explore/tools/investing-frequency-calculator) and it says I should do $1,615.38 every 7 weeks - but I'm paid monthly so that doesn't fit with that. Are there any other ways to work it out? Maybe I should round it up to $2000 every 8 weeks, or round down to $1000 every 4 weeks?

Ottilie

Asked on 15 April 2024

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