In this video we discuss how you can set up automatic investments to your dividend investing portfolio in fidelity brokerage and individual retirement accounts. This review does not cover fidelity investing 401ks as those are through your employer. The objective of the video is for you to be able to add additional capital to your investing portfolio to increase your monthly passive income. Fidelity investments is where I hold the majority of my holdings as it allows flexibility between other investments like options, bonds and CDs as well. Start investing with fidelity investments today!
Disclaimer: Although I recommend using fidelity investments products, I am not an affiliate of fidelity investments.
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Fidelity Investments is a well-known financial services company that offers a wide range of investment options to help individuals grow their wealth for the long term. One of the key features that Fidelity offers is the ability to set up automatic investments, which can be a great way to build a diversified investment portfolio over time.
Automatic investments allow you to regularly invest a set amount of money into a chosen investment option without having to manually do so each time. This can be a convenient way to consistently save and invest, without having to remember to do so on a regular basis.
One popular investment option for setting up automatic investments with Fidelity is through the purchase of dividend-paying stocks or mutual funds. Dividend-paying investments are companies that distribute a portion of their profits to shareholders in the form of dividends. By setting up automatic investments in dividend-paying stocks or funds, you can build a source of passive income over time.
When setting up automatic investments with Fidelity, you can choose the frequency at which you want to invest (e.g. weekly, monthly, quarterly) and the amount you want to invest each time. You can also choose the specific investment option you want to invest in, whether it’s individual stocks, mutual funds, ETFs, or other types of investments.
To set up automatic investments with Fidelity, you will need to open an account with the company and provide your banking information for the automatic transfers. Fidelity offers a user-friendly online platform that allows you to easily set up and manage your automatic investments, as well as track the performance of your investments over time.
Incorporating automatic investments into your financial plan can be a smart way to consistently save and invest for the future. By setting up automatic investments with Fidelity, you can take advantage of the power of compounding returns and build wealth over time through passive income streams like dividends.
Overall, automatic investments with Fidelity can be a valuable tool for individuals looking to grow their wealth over the long term. With the ability to invest in dividend-paying stocks or funds, you can create a source of passive income that can help you achieve your financial goals. So why wait? Set up automatic investments with Fidelity today and start building your wealth for the future.
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Love these old videos
Your video suck I don't even understand the way you talk
So I wanna do it weekly. It’s no option for that, correct? I just can’t find it anywhere
Would I run into an issue when transferring the funds from my fidelity cash management account to my roth IRA monthly with no stop date. For instance, the contribution limit is $6,000 for 2021 so I will plan to transfer $500 a month to my roth IRA. If I started this in January 2021, I would max out my roth ira in December 2021 and then another transfer will happen in January 2022. Will fidelity know that my roth IRA is already maxed out for 2021 and apply this contribution to my 2022 contributions or will it just add that contribution to my 2021 contribution making me exceed the maximum amount allowed for 2021???? The reason I ask this is because I'm going for the "set it and forget it" approach. I don't want to set up these automatic transfers and then at the end of the year I have to check to see if I'm going to be over the contribution limits. I just one to set it up and just look at my account every couple of years with no worries. Sorry for the long explanation but I just wanted to make it as clear as possible. Hope this makes sense.
Great video. I was wondering how does fidelity handle the max contributions for the year when doing direct deposits for my paycheck. I plan on maxing out my IRA in the middle of December through direct deposit. Once maxed, I still would have one more paycheck deposited in my Roth but I would then be over the $6,000 limit for 2021. In this case, do you know what would happen?
Can I still do automatic investments from my bank account without having much money in my core position? Not really looking at having a lot in core position. If not, is there an alternative service that allows you to automatically invest in mutual funds without dealing with core position balance?
Great info
Can you auto invest in stocks like you do with mutual funds?
I wish I could just have $50 or $100 it's check deposited in Auto invest in evenly in Fidelity
Dude can you just get to it! I stopped watching because you giving you entire investment history, no one wants to hear all of that, this was not quick
With the auto-investing, is there an optimal frequency? I mean which would be best for returns? weekly, bi-monthly or monthly? Cant find any studies on this. The weekly one would be the smallest amt of money obviously and it gets in there sooner to get that compounding going. Not sure which is best?
Thank you for this!
I love weekly investing, that way i can dollar cost average effectively. So, i set it up 4 recurring payments that will allow transfers within a week of each other
Why come you can't do bi-weekly contribution payments from checking account to Roth IRA? I can only do monthly, but I get paid bi-weekly!
So if I wanted to do 500 a month into my Roth IRA, would it just put 500 into my core account in the Roth or would it actually go into an etf that I already have set up?
This doesn't show you how to set up automatic investing, just automatic transfers.
What are your favorite companies you invested in in the past?
I use Fidelity for our IBA and Vanguard for our Roth IRAs. Love Fidelity — I have automatic investing setup too
Do you have automatic investing set up? How much are you automatically contributing monthly!
i use fidelity for my roth but im with M1 for everything else for the free trading and fractional shares
Super informative! Thanks for sharing!