How to set up Automatic Investments on Fidelity

Introduction

This tutorial provides a step-by-step guide on how to set up automatic investments on Fidelity. By automating your investments, you can make consistent contributions to your portfolio without having to remember to do it manually. This method is especially useful for investing in stocks, ETFs, and index funds on a regular schedule.

Step 1: Log into Your Fidelity Account

• Open your web browser and go to the Fidelity website.
• Click on the "Log In" button at the top right corner.
• Enter your username and password to access your account.

Step 2: Navigate to Automatic Investments

• Once logged in, locate the "Accounts & Trade" tab in the main navigation menu.
• From the dropdown menu, select "Transfers."
• Look for the option labeled "Automatic Investments" and click on it.

Step 3: Choose Your Investment Account

• If you have multiple accounts, select the taxable brokerage account where you want to set up automatic investments.
• Click on "Continue" or "Next" to proceed.

Step 4: Set Up Investment Preferences

• Decide on the frequency of your investments:
  • Weekly
  • Biweekly
  • Monthly
• Choose the specific day for your investments (e.g., every Monday, first of the month).

Step 5: Select Investment Options

• Choose which securities you want to invest in, such as:
  • Individual stocks
  • ETFs
  • Index funds
• Search for the specific stocks or funds you want to invest in by typing their names or symbols into the search bar.

Step 6: Determine Investment Amount

• Enter the dollar amount you wish to invest with each transaction.
• Ensure that this amount aligns with your financial goals and budget.

Step 7: Review and Confirm Your Setup

• Review all your selections, including investment frequency, chosen securities, and investment amounts.
• Confirm that your selections are correct.
• Click on "Submit" or "Finish" to activate your automatic investment plan.

Step 8: Monitor Your Investments

• Regularly log into your Fidelity account to check the performance of your investments.
• Adjust your investment amounts or frequency if your financial situation or goals change.

Conclusion

Setting up automatic investments on Fidelity is a straightforward process that helps you invest consistently. By following these steps, you can ensure that your investments are made regularly, helping you to grow your portfolio over time. Remember to review your investments periodically to stay aligned with your financial goals. Happy investing!