Setting up an Auto-Invest with Kernel is easy. Follow these steps to do so:
Step 1: Log into your Kernel account
Step 2: Ensure you have money available in your Kernel wallet, and if not make a deposit to the wallet from your nominated bank account.
Your auto-invest is processed using available money in the Kernel wallet. Therefore, it's important to make sure there is enough money available to cover this payment, on the dates that your auto-investment is set to process. This includes ensuring the $5 monthly member fee is covered, if this applies to you. Read more about the member fee.
Tip: Set up an automatic payment from your nominated bank account to the Kernel wallet 2 business days before your auto-invest is due to process. That way, you know it's always covered.
Step 3: Within the Kernel platform, navigate to the 'Invest' tab, then the 'Portfolio' sub-tab, in the main menu.
Step 4: Under the 'Auto-invest' tab, click 'Create Auto-invest' to start the setup process.
Step 5: Select the frequency and start date for your auto-invest. Enter the relevant information into the respective fields, then click the 'Continue' button.
Step 6: Enter the dollar amount that you would like to allocate to each fund. This will total your regular auto-invest amount. Scroll to the bottom of the page and select 'Continue'.
Step 7: You will be presented with the final auto-invest plan. Click 'confirm auto-investment' to proceed.
Step 8: Voila! Your auto-invest is set up and confirmed. To view the active auto-invest, click the 'view auto-invest' button.
