Setting Up Weekly Auto-Investments With Fidelity: A Step-By-Step Guide

Setting up an automatic weekly investment with Fidelity is a straightforward process. First, log in to your Fidelity account through their website. Then, navigate to the Trade section and select Recurring Investments from the dropdown menu. You will then be able to choose the frequency of your investments, including weekly, bi-weekly, or monthly options. After setting the frequency and date, you can select the stocks, ETFs, or baskets you want to invest in regularly. Finally, confirm the details and activate the recurring investment plan. This will initiate automated investments according to your chosen schedule.

Log in to your Fidelity account through Fidelity.com

To set up automatic weekly investments with Fidelity, you'll first need to log in to your Fidelity account through Fidelity.com. Here's a detailed, step-by-step guide on how to do that:

Logging in to Your Fidelity Account Through Fidelity.com

• Go to the Fidelity website by entering "fidelity.com" into your web browser's address bar.
• Once you're on the homepage, look for the "Log In" button, usually located in the top right corner of the screen. Click or tap on this button to initiate the login process.
• You will now be taken to the login page. Here, you will need to enter your login credentials, which typically include your username or email address and your password.
• Ensure that you enter your login details accurately. You can use the "Remember my username" feature for future convenience, but only do so on a private device.
• After entering your credentials, click or tap on the "Log In" button to submit your credentials and access your account.

Navigating to the Automatic Investment Settings

Once you've successfully logged in to your Fidelity account, you can proceed to set up your automatic weekly investments. Here's a brief overview of the remaining steps:

• Navigate to the "Accounts & Trade" section and select "Account Features."
• Under "Payments & Transfers," click on "Automatic Transfers and Investments."
• Choose "Set up a recurring transfer."
• You will now be able to set up your automatic investment plan, including the frequency (weekly, in your case), the investment amount, and the securities or baskets in which you want to invest.

Remember that you can always refer to official Fidelity resources or contact their customer support for detailed, up-to-date instructions on setting up automatic investments.

Go to 'Accounts & Trade' and select 'Account Features'

To set up a weekly automatic investment with Fidelity, you must first go to "Accounts & Trade" and select "Account Features". This will bring up a menu with several options. From this menu, expand "Payments & Transfers" and click on "Automatic Transfers and Investments". This will allow you to set up a recurring transfer.

Under the monthly transfer amount, the "Transfer on" date is the next scheduled transaction. You can set up multiple monthly plans and set them for different calendar dates. For example, you could set up five monthly plans to be transferred on the 1st, 7th, 14th, 21st, and 28th of each month. This would effectively allow you to transfer money weekly, although the official "weekly" feature is not yet supported by Fidelity.

Expand 'Payments & Transfers' and click 'Automatic Transfers and Investments'

To set up automatic weekly investments with Fidelity, you must first log in to your Fidelity account. Then, follow these steps:

• Go to "Accounts & Trade" and select "Account Features".
• Expand "Payments & Transfers" and click "Automatic Transfers and Investments".
• Select "Set up a recurring transfer".
• Choose the frequency of your transfers. As of 2020, the options available were monthly, quarterly (1st month, 2nd month, or 3rd month), or a custom schedule (choosing 2-12 months).
• Set the "Transfer on" date, which is the next scheduled transaction.

Please note that as of 2015, the "Automatic Investment" option was only available for funds, not ETFs. It is unclear whether this is still the case.

Select Recurring Investments from the dropdown menu under the 'Trade' section

To set up automatic weekly investments with Fidelity, you must first log in to your Fidelity account through their website. Then, under the Trade section, select Recurring Investments from the dropdown menu.

In the "Recurring Investments" section, you will be able to choose the frequency of your investments. While the options listed are weekly, bi-weekly, or monthly, you can also set up multiple schedules to achieve daily or weekly investments. For example, if you want to invest $5,000 per week, you can set up multiple schedules to achieve this.

After setting the frequency, you can then set a specific date for the investments to occur. You can then choose the stocks, ETFs, or baskets in which you want to invest regularly.

Finally, confirm the details and activate the recurring investment plan to initiate automated investments.

Choose the frequency of your investments

The frequency of your investments will depend on your financial goals and how quickly you want to build your portfolio. You can choose to invest weekly, bi-weekly, or monthly.

If you want to invest more frequently than monthly, you can set up multiple schedules. For example, if you want to invest $5,000 per week, you can set up five weekly schedules, each transferring $1,000. This can be a useful way to ensure you are investing regularly and taking advantage of dollar-cost averaging.

Alternatively, if you are paid bi-weekly, you could set up two monthly schedules to align with your paychecks. For example, you could set up one monthly transfer for the first of the month and another for the fifteenth.

It's important to note that while you can set up multiple schedules to increase the frequency of your investments, Fidelity does not currently offer a weekly transfer option.

Once you have decided on the frequency of your investments, you can proceed to set up your automatic transfer plan.

Frequently asked questions