Autoinvest in ETFs

Google hfhfbhf
Feb 10 23 Comments

Anyone know of a brokerage where you can auto invest in ETFs (I.e. set it and forget it)?

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TOP 23 Comments
  • New flippy
    Vanguard.
    Feb 108
    • Oracle / R&DlHEA77
      Vanguard does not let you schedule periodic investments into ETFs.

      EDIT: I see you added a sentence to your post and now it's just saying the same thing I already wrote above. Good :)
      Feb 10
    • New flippy
      Their mutual funds are their ETFs and can be converted. So you let it roll and once every year or two you can convert it to ETF if that if really important to you.
      Feb 10
    • Oracle / R&DlHEA77
      oh, and now you removed the sentence again and put it in a new comment instead. Anyway, that is correct and I agree that that's probably the best option
      Feb 10
    • Google hfhfbhf
      OP
      Their good mutual funds are closed. At least on Vanguard.
      Feb 10
    • New flippy
      VTSAX

      You can start with VTSMX if you don't have 10k and they will convert it to VTSAX when you get 10k there.
      Feb 10
    • Microsoft gfba68
      No, their good mutual funds are NOT closed. Which fund in particular do you think is closed?
      Feb 10
    • Google hfhfbhf
      OP
      Oh interesting. I just opened the account. They’ll open up when I deposit enough?
      Feb 10
    • Oracle / R&DlHEA77
      Vanguard reduced their initial investment requirement for Admiral shares to $3000 a little while ago. You should be able to start investing in VTSAX with $3000 now. VTSMX is just closed because it's strictly worse than VTSAX now - previously it had a worse expense ratio but a lower initial contribution amount (VTSAX used to be $10k).
      Feb 10
  • Salesforce / Engeasi
    You can use betterment
    Feb 101
    • Google zFsy57
      Dat fee though
      Feb 10
  • Ford gjspenc
    Acorns
    Feb 100
  • Google / EngH🤞🏻🙀☠️
    M1Finance
    Feb 100
  • Oracle / R&DlHEA77
    First, why do you want this? Why not just use mutual funds?

    If you really need ETFs for some reason, just do a set and forget into vanguard mutual funds, and convert them to the ETF share class later when you need them to be ETFs. The conversion is not a taxable event. Vanguard mutual funds are the only family which has this feature since Vanguard has a patent on it for the next several years.
    Feb 105
    • Google hfhfbhf
      OP
      Fees... also vanguard mutual funds are closed if you don’t already own them.
      Feb 10
    • Microsoft gfba68
      Fees are the same with Vanguard, and the mutual funds definitely aren't closed. Not sure where you got that.
      Feb 10
    • Oracle / R&DlHEA77
      Many Vanguard funds' Investor share classes were recently closed since the Admiral share classes now supersede them at the $3000 initial investment mark. Just invest in the admiral share classes (e.g. VTSAX instead of VTSMX).

      Admiral shares generally have the same expense ratio as Vanguard's ETFs and neither have any fees when held at Vanguard.

      I encourage you to give mutual funds a try. ETFs are overhyped in my opinion. (Probably because various institutions profit off the share creation / redemption mechanism used to fix ETF prices to the NAV on the market.)
      Feb 10
    • Google hfhfbhf
      OP
      Amazing. Thank you.
      Feb 10
    • Oracle / R&DlHEA77
      Sure. Good luck in your investment journey.
      Feb 10
  • Microsoft / Biz DevMemeGenX
    Fidelity has auto invest option
    Feb 101
    • Oracle / R&DlHEA77
      Not into ETFs.
      Feb 10
  • Ricoh ACMIAM
    Schwab
    Feb 100
  • Oracle suchisl!fe
    Vanguard
    Feb 100

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