How To Set Up Recurring Investments Fidelity

How to Set Up Recurring Investments with Fidelity

Regular investment is an excellent approach to accumulating wealth and achieving your long-term financial objectives. It allows you to benefit from dollar-cost averaging, which can lessen the effect of market fluctuations. Fidelity Investments is a leading brokerage firm that provides a variety of investment options and the ability to set up recurring investments. Here’s a step-by-step guide on how to set up recurring investments with Fidelity:

  1. Log in to Your Fidelity Account:

Visit the Fidelity website and log in to your account using your username and password.

  1. Open the “Accounts & Trade” Section:

Click on the “Accounts & Trade” tab located at the top of the homepage.

  1. Select the Investment Account:

Select the investment account in which you want to set up recurring investments. Click on the account name or number.

  1. Locate the “Recurring Investments” Option:

Within the account details page, look for the section labeled “Recurring Investments.” It may be under the “Transactions” or “Investment Options” tab.

  1. Click on “Set Up Recurring Investments”:

Once you find the “Recurring Investments” section, click on the “Set Up Recurring Investments” button.

  1. Choose the Investment Type:

Select the type of investment you want to contribute to regularly, such as stocks, mutual funds, or exchange-traded funds (ETFs).

  1. Specify the Investment Details:

Enter the ticker symbol or name of the specific investment you want to purchase. Indicate the amount you want to invest each time and the frequency of the investments (e.g., monthly, quarterly, or annually).

  1. Select the Funding Source:

Choose the bank account or investment account from which you want to transfer the funds for the recurring investments.

  1. Review and Confirm:

Review the information you entered to ensure accuracy. Once satisfied, click on the “Confirm” button to complete the setup process.

  1. Activate Recurring Investments:

Your recurring investments will typically be activated on the next scheduled investment date, which may vary depending on the investment type and frequency.

Setting up recurring investments with Fidelity is a convenient way to automate your savings and reach your financial goals. Remember to periodically monitor your investments and adjust your contributions as needed to stay on track with your long-term plan.