Did you Know that You Can Auto-Trade in Your Rollover IRA?
When you stop working for your current employer, you have the option to take your savings out of your employer's 401K to invest it in an IRA without a tax penalty. For self-directed investors, transferring the money into a rollover IRA for example provides an opportunity to get started at managing your own investments.
A rollover IRA is a type of account that let you invest and trade in the account without paying taxes so long as you don't take the money out before retirement. A rollover IRA allows self-directed investors to take control over their investments and trade actively in their account.
Once the money is in your new account, you can decide to trade manually, buy mutual funds or other investment vehicles tax-deferred.
Use an advanced robo-advisor to auto-trade
If you are interested in systematic, active investing, Smart Auto-Trading can be a great alternative to passive investing funds. Smart Auto-Trading uses artificial intelligence concepts to screen, monitor and auto-trade stocks. Used in a tax-deferred account such as an IRA, SIMPLE IRA, Rollover IRA, Keogh, 529 College Plan or UGMA it auto-trades systematically using your carefully defined strategy. Using Smart Auto-Trading is like having a professional trader working for you. You turn it on and it just works.
Smart Auto-Trading actively trades the S&P 500 day-in and day-out in your account while you attend more important life events. Because of the systematic nature of Smart Auto-Trading, your account has the potential to grow at a higher rate than if you were to use a passive investment vehicle such as an index fund or a mutual fund. Systematic active trading using artificial intelligence holds the potential to grow the account faster.
To connect Smart Auto-Trading to your account you will need to open an account with Ally Invest. Ally Invest is the brokerage firm Stock Circles uses to auto-trade. Ally Invest offers a very competitive price per trade.
To open an account, please go to Ally Invest's account opening page is available at: https://invest.ally.com/ola/
Once the account is open, you are ready to transfer your money into the newly opened account. To do so, you will need to send a copy of your 401K or other account statement to Ally Invest as well as transfer instructions to firstname.lastname@example.org. Once they receive your instructions, a Customer Support specialist will help you complete the transfer.
After a few business days, the account will be funded and you will be ready to auto-trade using Smart Auto-Trading.
While this is in progress, you might want to test your strategy in simulation mode free of charge at stockcircles.com. Doing so will help you get comfortable with the product's benefits.
Disclaimer: Past performance is not indicative of future results. Therefore, you should never assume that future performance of any specific investment or investment strategy will be profitable. Investing in securities (including stocks, mutual funds, and bonds, etc.) involves risk of loss. Further, depending on the different securities there may be varying degrees of risk. You should be prepared to bear investment loss including loss of original principal.