You can add funds to your Stockspot account anytime! You have full flexibility and control.
You can set-up a regular transfer from your bank account to your Stockspot cash account for any amount at any frequency.
Or you can deposit funds as a larger lump sum if you prefer.
When will my funds be invested?
For portfolios under $50,000:
Your top-up funds are invested once your cash balance reaches $1,000
For portfolios over $50,000:
Your top-up funds are invested once your cash balance reaches $2,000
Example 1:
Your Stockspot portfolio is currently $10,000.
If you add $100 per week, your funds will be invested every 9-10 weeks.
($100 x 10 = $1,000)
Example 2:
Your Stockspot portfolio is $100,000
If you add $250 per week, your funds will be invested about every 8 weeks
($250 x 8 = $2,000)
The Stockspot cash account pays a small amount of interest each month!
Are top-up mandatory?
Top-ups are optional however, are the best option for growing your portfolio over the long term.
If your portfolio is smaller (under $10,000) and you are building your way up to owning all of 5 ETFs, we recommend you set-up a regular top-up into your Stockspot account. The minimum amount recommended is $250 per month or any amount that works for your financial circumstances.