According to a sample of the mobile investment app BUX, more than one-third of millennials allocate a fixed amount to invest in stocks every month.
It’s not just millennials who invest in their investment accounts every month. 30% of young people under the age of 25 also buy investments on a monthly basis. Research shows that the older generation invests differently. Only 17% of investors over the age of 40 invest a fixed amount each month.
Many people see it as a way to accumulate wealth. Savings accounts are less useful in this regard because they pay almost no interest.
In response to this development, BUX Developed a product. This new feature allows investors to make regular monthly investments in stock funds (ETFs) of their choice.