To create a 'Pie', you can either copy an existing one from the “Pie Library” or make your own by following these steps:
Access the Portfolio section and select the 'Pies' category. Tap on the 'Create Pie' button.
Next, browse through the available stocks and ETFs and make your preferred selections.
Once you're satisfied with your selection, proceed by tapping the arrow. It's important to note that even after creating the pie, you can always go back and edit the selection if needed.
Here you’ll get a first glimpse of what your pie will look like:
Use the sliders provided to adjust the target weight of each slice (investment) within the Pie. These target weights determine the allocation of the invested funds in the Pie.
Example: Let's consider a Pie consisting of two companies, Google and Apple. If you set the target weight of Google to 70% and the target weight of Apple to 30%, and you invest £100 into the Pie, £70 will be allocated to Google, while £30 will be allocated to Apple.
What is the difference between AutoInvest and Manual Investing in Pies?
You have the option to create a Pie without using AutoInvest. If you choose to do so, you’ll have to contribute funds to the Pie manually. You can enable/disable AutoInvest later at any time.
- Choose AutoInvest if - you want to deposit funds and invest automatically. You will select the desired contribution amount and schedule on the next step.
- Choose Manual if - you don't want to contribute on a schedule and rather invest and withdraw funds on your own.
If you opt for AutoInvest, the next step is to set up your Investment plan 🧐
Use the sliders to customize the investment duration, deposit amount, and schedule. You can increase the 'Initial deposit' value if you have a lump sum to start with.
The screen also provides a projection of potential growth based on the configured investment plan and historical average annual return rate.
Of course, since this estimation is based on historical return, it is not guaranteed.
Give your pie a name and pick the icon you like best.
This is the final step before your pie is created. Do a quick review to see if everything is how you would like it and proceed to fund the pie.
After you select a payment method to link to AutoInvest, the Initial Deposit will be made immediately, and recurring deposits will be made according to the pie’s deposit schedule.
That’s it! Your first pie has been created. 🥳
To add a new Pie, you simply need to press the "+" icon and go over the creation process above once again.