I have decided to open a checking account to further automate my investments in my mutual fund accounts. It’s a lot easier to track and program my investments with this method.
With checking account, I can just issue post dated checks and transfer fund to this account. I can already pre-set how much I will invest in a particular year.
Once a person has a checking account he/she should be disciplined enough not to go below the minimum amount and fund the account if necessary. This will safeguard the person from the penalties that comes with it.
No comments:
Post a Comment