Automate Your Investments at Charles Schwab

How do you automate your investing strategy at Charles Schwab? How do you automatically purchase shares on a weekly or monthly basis? If you want to take advantage of dollar-cost averaging, you should set up automatic investing. Whether you're investing in mutual funds, index funds, ETFs, stocks, or bonds, it's possible to automatically invest within your portfolio. If you are investing in an eligible mutual fund, you can automate the entire process (from transferring money from your checking account to investing that money into the mutual fund). If you're not investing in an eligible mutual fund, or if you're investing in a stock or ETF, you unfortunately cannot automate the entire process. However, you can automatically transfer money from your checking account on a monthly basis, then manually purchase your investments each month. In this video, I go over how to set up automatic investing at Charles Schwab.

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Disclaimer: I am not a professional financial advisor nor a tax professional. The content presented in this video is for entertainment and educational purposes only.

[draal]

i like how she laughed at the 4/20 date... right now

[philippluklas]

Good explanation - thanks. Finally set up a monthly plan and was confused for the longest time why not automatic investing in ETFs is possible in the US. Going for Schwab's SWISX and SWPPX now and no longer need to spend time thinking about whether today is a good day to buy with all that recent volatility

[kyratoms]

Thank you!! I’ve been looking for a video to explain this in this much detail.

[Dmarcuz]

Thank you for this. It helped me set up automatic investing in SWLGX and SWPPX in my HSA account (which has triple tax advantage).

[KamHerOn]

thanks so much, the UI on schwabb is so non-intuitive. this was super helpful, thaks!

[nicksmith]

Helpful video... Really wish they would offer this for stocks and ETFs as those are my primary investments for my IRAs and Brokerages.. This is why I set my wife up with Fidelity instead of Schwab. Very easy to automate everything to my liking... I'm debating moving everything to Fidelity, but really don't want to lose my entire investment history. Already have automated transfers set up, so it's not a huge deal, but would be nice.

[vonlott]

Your step by step approach on getting started on Schwab's account page is much appreciated and exactly what I was hoping to find. Yes, I subscribed as well...Thank You So Much!

[Native]

So it doesn't you an option to buy a certain amount of funds, like if the price goes up than you would buy less and if the price goes down than you would buy more? or does it buy whatever price it is?

[benardTechBytes]

Is November 2023 still a good time to invest in index fund? I am new to investing. I have some money I rolled over to a traditional IRA. I am planning to invest in SWTSX but not sure if this is a good time? Thanks

[coding-gemini]

Thanks for the video, I think the menu options have changed a bit but was able to figure out the options. Subscribed for future posts too

[crxthrasher]

Ty so much for this video series. Your timing couldn't have been better for me

[Madcrzy]

Really great video! Saved me so much research time. Thumbs up!

[iramperez]

Could you do a video defining what personal value and Day change mean? As well as how to check/know how much money you’ve earned?
Please 😊

[DapperDividends]

I love Schwab!!! Great stuff Alex....✌️

[samoantimelord]

I am new to investing and your videos are amazing! Thank you!!

[denvermax]

So helpful! Thank you. Does this auto invest option automatically reinvest dividends and capital gains?

[joec]

I don't have an IRA with Schwab, but on my brokerage, it won't let me set up an automatic investment on SWPPX. It said to make sure that it has sufficient funds. I tried setting up a recurring transfer first that matches the amount to be invested, and that did not work either. I tried setting the auto investment to be executed a few days after the auto transfer, and that didn't work either. I gave up and use SoFi invest instead, which allows recurring invest on ETFs also. I actually want to put money into Schwab to spread out my investments into different accounts, but I'm too lazy to do this manually.

[keysame]

Hi to invest 500 index funds have to buy either mutual funds or etf.

[ExtraGuac]

For Fidelity, uninvested cash is automatically swept into your choice of 3 money market funds daily. But I can't get figure out how to set it up with Schwab. It seems like they sweep it into only 1 money market fund and they make you move it to another money market fund manually. Any suggestions since the yield difference between the funds are .45% vs 4.48%

[stephenuriarte]

CS should pay you for all these videos. Keep it up!!!