Investment
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Hello, I may have asked this previously, but have not received any answers.
Is it possible to make bulk investments in momentify portfolios between rebalance? My rebalance is after 15 days only, but I want to make fresh investment in the same portfolio. Is this possible? If yes, please advise how it can be done. Thanks. -
Hello,
You can easily add funds to your existing portfolio in Momentify. Just go to the strategy where you want to add money, click on Edit, and choose the “Increase Funds” option. Then you can enter the amount you want to add.
Hope this helps. -
@Nishant Bhandari thank you for your response. Not sure if you have noticed, but, when you hover your cursor over the "i" in Increase Funds, you will see a message that the money will be invested equally across your basket of stocks on the next rebalance days. My question was, can we do the investments between rebalance days?
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Yes, Once you’ve increased the funds and saved the strategy, just go to Basket and click on Scan and Execute the basket. The added funds will then be allocated to the stocks accordingly.
Hope this helps. -
@Nishant Bhandari Thank you. Will check.
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@Nishant Bhandari I proceeded as you suggested. Actually, it does a complete scan and does a full rebalance, instead of just allocating the amount in the existing stocks. So, you end up selling some shares also. I guess the strategy / methodology is not done properly.