Casper Blom, one of our Investors, sent us a mail last week, making us aware that the link to the YouTube video in our latest Newsletter did not work properly. I thanked him and told him that once a Newsletter was sent out, it was too late to edit.
Casper continued, outlining an idea that he wanted to share with us, that would make him and his peers invest more on MYC4… was I interested, well of course!!
My name is Casper Blom, and I would like to introduce you to an idea I got a month ago.
I have used MYC4 for 1 year now. I am very satisfied with the service, and I’m crazy about the concept. I’m using MYC4 to invest, some of the money I earn from my company.
Normally I just go to MYC4, when I have some spare time, to take a look at my investments. If my business goes well in that time, I do invest some more money in MYC4. But to be honest, I’m not very active on MYC4. In a busy business life, I sometimes forget about it, and that irks me.
Therefore, I came up with this idea. What if MYC4 could make functionality, so I could automatically invest some money? It would be an awesome feature for me. For instance, you could choose to deposit 20 EUR every month. It could be any amount – it’s all your choice. Then you could choose some options. For instance ’How long should the loan maximum be paid back over?’ There could also be an opportunity to choose, what the minimum rate should be.
Then it would all just work automatically. You don’t have to think about it. The money would just invest it self. Of course you can stop the automatically payment, whenever you want to. The money should be drawn from your bank account every month the 1st, as your monthly wage, comes in. You’ll probably not even notice, that the money has been drawn from your account.
For me, if would be a bank account for my savings. Of course not all of them, but just a bit of them. Instead of trading shares, I would let them go to MYC4. If you deposit 20 EUR every month to MYC4, in two years, it will be 480 EUR + the interest rate. You probably wont feel the 20 EUR every month, but if you make a cash out on about 600 EUR, you will definitely feel it on your bank account. And of course, you can multiply these numbers with ten, or hundred.
Until this functionality will be available, I will just stick to the old methods. So once in a while, I go check my MYC4 account, and deposit some more money. But I really hope this functionality could become a reality!
The idea is not new to us… we have simply prioritized other functionality over this in the past. Already now we have a lot of functionality ‘on the plate’ to be programmed in the future, so I cannot say when this functionality will see light of day. In the mean time; you could set this up with your own bank; you can set up an automated monthly transfer to your MYC4 account.
If you are a Danish Investor you use the following account number: 0755 3224199871
If you are an Investor outside of Denmark you use the following IBAN/SWIFT combination:
Remember to include your mail address (the one you are using on MYC4).
You can read more about uploading money here.
I am curious, would you use this kind of functionality?