Step by step tutorial on how to set up automatic dividend reinvesting in Fidelity. Automatically reinvesting dividends is one of the simplest and surest ways to maximize gains by taking advantage of the power of compound growth.

Set up your Fidelity account here:

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When it comes to investing in stocks, one strategy that can greatly boost your returns over time is reinvesting dividends. By reinvesting the dividends you receive from the stocks you own, you can harness the power of compounding to grow your investments more quickly.

Fidelity is a popular brokerage platform that offers investors the option to automatically reinvest dividends. This means that whenever a company you own stock in pays out a dividend, that money will automatically be used to purchase more shares of that same stock.

If you’re interested in reinvesting dividends on Fidelity, here’s how you can get started:

1. Set up a brokerage account with Fidelity: If you don’t already have an account with Fidelity, you’ll need to create one in order to start reinvesting dividends. Setting up an account is a simple process that can be done online.

2. Choose the stocks you want to reinvest dividends in: Once you have your account set up, you can select which stocks you want to reinvest dividends in. Look for dividend-paying stocks with a track record of consistent dividends.

3. Enable dividend reinvestment: Fidelity provides an easy way to enable dividend reinvestment for the stocks in your portfolio. Simply log into your account, navigate to the “Dividends and Capital Gains” section, and select “Reinvest dividends” for each stock you own.

4. Watch your investments grow: Once you’ve enabled dividend reinvestment, Fidelity will automatically reinvest the dividends you earn back into the stocks you own. Over time, this can significantly increase your investment returns.

Reinvesting dividends on Fidelity is a simple and effective way to grow your investments over time. By harnessing the power of compounding, you can accelerate the growth of your portfolio and set yourself up for long-term financial success. So if you’re looking to maximize your returns and build wealth over time, consider reinvesting dividends on Fidelity.