How do recurring investments work?
Automate your stock, mutual fund, ETF, or basket trades. Recurring investments can be paid from your Fidelity core (cash) position or from your linked bank account. You can set the amount, frequency, and timing of your recurring investments. If anything changes, you can easily modify or cancel your recurring investment.
What accounts can I create recurring investments for?
You can set up recurring investments for nonretirement accounts such as brokerage or cash management accounts; retirement accounts such as traditional, rollover, and Roth IRAs; and health savings accounts.
How do I set up and manage recurring investments?
To set up and manage recurring investment options all from one place, log in on Fidelity.com or in the Fidelity Mobile® app and go to Your recurring activityLog In Required.
How much can I invest using the recurring investment feature?
A recurring investment plan can be set up to transfer between $1 and $100,000 for stocks, ETFs, and baskets, and between $10 and $100,000 for mutual funds. Different funds may have different minimum investment requirements.
How does trading work for recurring investments?
Stock and ETF trades will be placed as market orders on the selected investment date. Mutual fund orders will be placed at the next available price based on the selected investment date. If your selected investment date falls on a non-trading day, then the order will execute on the next trading day.
What types of recurring transactions can I automate?
You can schedule recurring automatic deposits and withdrawals from your linked bank account to your Fidelity account. You can also schedule transfers between your Fidelity accounts. To set up and manage these recurring transfers, log in to Fidelity and go to Your scheduled transfersLog In Required.
What is dollar-cost averaging and how does it help?
Dollar-cost averaging is a strategy in which you invest your money in equal portions, at regular intervals, regardless of which direction the market or a particular investment is going. In other words, your purchases occur regardless of the changes in price for the stock or other investment, potentially helping reduce the impact of volatility on the overall purchase. This can serve as a risk management trading strategy if you end up buying more when the price is relatively lower and buying less when the price is relatively higher. Learn more about dollar-cost averaging
What are Fidelity Basket Portfolios, and how can recurring investments apply to them?
Fidelity Basket Portfolios are a faster, easier way to build and manage your portfolio. Build and customize each basket with the stocks and ETFs of your choice and manage them as one investment. Adding recurring investments to your baskets can make it even easier to reach your goals. Learn more about basket investing
Start an investing routine that can last
Set up automatic trades of stocks, mutual funds, ETFs, or baskets to invest regularly and help grow your portfolio.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Dollar cost averaging does not assure a profit or protect against a loss in declining markets. For a Periodic Investment Plan strategy to be effective, customers must continue to purchase shares both in market ups and downs.
Other fees and expenses applicable to continued investment are described in the fund’s current prospectus.
$0.00 commission applies to online U.S. equity trades and exchange-traded funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (historically from $0.01 to $0.03 per $1,000 of principal). Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional® are subject to different commission schedules.
Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917