It’s easy to set up recurring investments in your Fidelity® account. You can choose from investments like an ETF, mutual fund, stock, or Fidelity Basket Portfolios. Decide what you wish to buy, enter a dollar amount, and select a frequency.
What’s a recurring investment?
A recurring investment is exactly what it sounds like—an investment that you make on repeat. This process is also known as automatic investing and can be set up within your Fidelity account. This process of setting up repeat investments—with the same amount of money at regular intervals—can help you establish good savings habits and help you make progress toward your investment goals.
Why should investors consider setting up recurring investments?
Recurring investments can give you the opportunity to increase your earnings. By spreading your investment purchases out over time, it can also help reduce the risk of buying investments when the price might be relatively high or volatile.
It's a disciplined approach, which can help take the emotion out of trading decisions. While recurring investments may give up some return potential (compared to investing all at once), it can be particularly effective with market volatility and managing down markets, when you may be able to buy shares at lower prices.
How to set up recurring investments.
Get started with your plan—know the types of investments you wish to purchase, their ticker symbols, the amount of money you plan to invest, and how frequently you wish to do so.
Start from Trade.
1. Start by logging in to your Fidelity account. Select Trade from the top black navigation bar.
2. Select Recurring Investment from the Trade dropdown menu.
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3. Choose a Security type: Stocks/ETFs, Mutual Funds, or Fidelity Basket Portfolios.
4. Select an account: Choose one of your Fidelity accounts.
5. Enter the ticker symbol for each investment. You can include up to 10 symbols at a time. If you’re unsure of a symbol, you find it by searching the investment name next to the magnifying glass. In this example, 3 fictional stocks and ETFs will be purchased every month for $50, beginning April 1.
6. Enter the dollar amount.
7. Select a frequency that works best for you—weekly, every 2 weeks, or monthly.
8. Create your schedule by choosing the day you would like to begin. Any investments scheduled on a holiday will take place the next business day.
9. Turn on the toggle to use your linked bank account to fund your investment. Otherwise, the recurring investment will be taken from your Fidelity account balance.
10. Now that all the information is complete, select Preview and if all looks good, then select Confirm.
Congratulations—you’re all set!
By investing consistently, you’re putting good financial habits into action. You’re in control. If your plans change, you can adjust or stop your recurring investments at any time in your Fidelity account, in the Transfer > Manage recurring transfers section.
