View the entire Frequently Asked Questions (FAQ)
Is there a minimum amount that needs to be added to my QuietGrowth account before the cash in the portfolio is invested in the market?
Out of the cash that is present in your portfolio, we reserve enough cash to cover QuietGrowth’s fees that you would incur, typically for a period of one year. Then we will consider to invest the rest of your cash in that portfolio in ETFs as soon as that rest of the cash reaches $3,000.
For example, if the cash in your portfolio is $3100, and the tentative QuietGrowth fees that you would be incurring over the next one year period is $30, then we will consider that the amount available to invest in ETFs is only $3070 and execute one or more buy orders to invest an amount close to $3070 in one or more units of an ETF or ETFs.
We also follow this same practice if the total deposits in the portfolio has reached $10,000 and then the value of the portfolio has fallen below $10,000 due to withdrawals from that portfolio.
Usually, it is unlikely that we will execute a trade if the cash available for investing is less than $300. At the other extreme, we will make sure that we execute a trade if the cash available for investing reaches $3300.
There is no exact minimum amount that needs to be deposited so that we can execute a trade to invest that amount.
We will consider various factors such as the number and size of the buy trades that we need to execute so that a fully diversified portfolio is achieved when you deposit a total of $10,000 over one or many fund transfers.