[Mark]

I am considering opening a brokerage account with Fidelity due to their newer feature of letting you do automatic fractional ETF investing.

I heard you can define a basket of ETFs and setup automatic purchase with a transfer from from bank at whatever interval you want along with percentage distribution of the funds allocated on you want per ETF in that ‘basket’.

I have Schwab but they do not have this capability and want to simply invest in VTI, QQQ (or QQQM) and SCHD in some percentage allocation.

I also like it running in a set it and forget it fashion as my brain/emotions gets in the way of trying to actually transfer and purchase.

Has anyone had experience with doing this with Fidelity? Do you know if the above ETFs are available to work with in that way?

NOTE: I am limited on what brokerages I can use due to my industry, so am limited to Merrill Lynch, Wells Fargo, Vanguard, Schwab, Fidelity and maybe one more that I do not remember.

As far as I am aware, Fidelity is the only one with the feature above for ETFs.

[Dennis]

Would be a lot easier for you to make a free account and see if they have the option you’re looking for

[张扬]

There’s some weird stuff going on with Fidelity right now and they’re offering zero official communication about it, so I’d hold off moving any money there until they address it.

[Francis]

I auto invest monthly with Fidelity and it works great, also Fidelity has really great software for research!

[John]

I have accounts at all the above. Some with zero money held to look at options.

[John]

I have auto investing on and allocate VTI and VOO

[Nicole]

I too have my accounts primarily with Schwab, but I opened a brokerage account at Fidelity for the exact same reason – Schwab does not allow ETF fractional shares.

I invest a set amount via auto withdraw from my bank account weekly and I chose a basket of ETFs and the $ amount I want invested in each one.

I love that it happens automatically each week now.

I invest in QQQ, VOO, VGT, and IWY.
If VGT and VOO are available, then I’m pretty sure VTI is available. Not sure about SCHD.

I dislike using (2) different institutions but Schwab has yet to allow ETF fractional shares so I will be with Fidelity for this account unless/until Schwab makes ETF fractional shares available.

[Author]

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