HSBC InvestDirect Systematic Investment Plan (SIP)
Avoid high minimum purchase amounts
Save time with automatic mutual fund purchases
Invest more of your money over the long term as a result of dollar cost averaging
Set up a SIP or PAC for your HSBC InvestDirect account
Dollar cost averaging can save you money
Sometimes you buy shares when prices are up, and sometimes you buy shares when prices are down, but regular purchases on an automatic investment plan do not react to changing prices. You simply capitalize on a lower average cost per share, leading to a lower overall cost over the long term.
How it works
- Budget – Determine the amount you want to invest on a regular basis (minimum $100 per month).
- Schedule – Choose a frequency that suits your cashflow (monthly or bi-weekly).
- Select – Identify the investments you want purchased on your behalf.
Choose specific investments now, or later
Even if you're not sure which investments to purchase, start saving money for investing with a Pre-Authorized Contribution (PAC) plan. This plan automatically transfers a specific dollar amount to your HSBC InvestDirect account from your bank account on a regular basis.
1 HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. HSBC Securities (Canada) Inc. is a member of the Canadian Investor Protection Fund.