Passive Investor? Here's Why You Should Use Double

Are you a passive investor? You probably prioritize simplicity, low costs, and a long-term investment strategy. You embrace a "set it and forget it" approach, understanding that trying to time the market or pick individual stocks is often a losing game. You value a hands-off method, allowing your investments to grow steadily over time without constant intervention. But what if there was a way to enhance your passive investing approach without sacrificing its core principles? Enter Double.

Double is designed to provide passive investors with powerful tools that automate and optimize their portfolios, all while maintaining the simplicity and low-effort approach you value. We offer customizable direct indexing which lets you pick your portfolio exposure down to the stock and sector level. We couple this with (optional) built in tax loss harvesting and rebalancing, which can potentially save you on taxes. And we offer it all for just $1/month.

Here's more about why you should consider making the switch to Double:

Very Competitive Cost: Just $1/Month

Passive investors are rightly cost-conscious. Every dollar saved on fees is a dollar that can be put to work. Double's simple and transparent pricing of just $1 per month makes it a cost conscious choice. This aligns perfectly with the passive investor's focus on minimizing costs to maximize long-term returns. Other fees may apply for certain actions taken on the platform. You can see these fees here.

Direct Indexing: Tax-Loss Harvesting on Autopilot

You might think direct indexing, with its individual stock positions, is too complicated for passive investing. But Double makes it simple. Our automated tax-loss harvesting feature takes advantage of market volatility to potentially lower your tax bill. By strategically selling your losing positions and replacing them with similar assets, we help you offset capital gains and potentially reduce your overall tax liability. This tax-loss harvesting happens automatically, in the background, without requiring any effort on your part. But, if you’d rather follow a simpler Buy & Hold approach you can do so on Double as well - we put you in control.

Custom Allocation: Tailor Your Portfolio, Then Forget About It

While passive investors prefer a hands-off approach, they still want their portfolios to reflect their individual risk tolerance and goals. Double allows you to set custom allocation preferences for international stocks, bonds, and other asset classes. You can even create your own personalized glide path, gradually shifting your portfolio towards a more conservative allocation over time. This is ideal for long-term planning, allowing you to automatically adjust your risk profile as you approach retirement or other financial goals. Not interested in direct indexing? Check out our ETF based portfolios in our Boglehead article here.

Automated Rebalancing with New Deposits

Maintaining your desired asset allocation is crucial for managing risk. Double automatically rebalances your portfolio whenever you make a new deposit. This ensures that your investments stay aligned with your chosen strategy without requiring any manual intervention. It's another way Double helps you "set it and forget it."

Recurring Deposits: True Autopilot Investing

Consistent investing is key to long-term success. Double makes it easy to set up recurring deposits directly from your bank account. You can schedule these deposits to coincide with your paycheck or any other regular income stream. Once set up, your investments will grow automatically, allowing you to benefit from the power of compounding without lifting a finger.

Trust: Your Investments Are Secure

We understand that passive investors prioritize security and peace of mind. That's why Double has partnered with Apex Clearing, a leading clearing firm, to custody your assets. You can rest assured that your investments are held securely. For more on our commitment to safety and security, check out our other blog post here: https://double.finance/blog/trust

Double is designed to enhance, not complicate, your passive investing journey. It's about simplifying your investment process, optimizing your returns, and providing you with the tools you need to achieve your long-term financial goals without the stress and hassle of active management. So, if you're a passive investor looking for a way to streamline your portfolio management while adhering to your core principles, give Double a try.

PS: This was one of a series of posts from our Founders about investing archetypes and why they should choose Double. Checkout our related posts on why Bogleheads or Active Investors should try out Double.