Today we will show you how to set up automatic investment for Capital One investment account. For those who want to invest in pension funds automatically, this is a good tool, such as Rose IRA, traditional IRA, without having to transfer money manually from your bank account and invest in the specific securities you are looking for, whatever your settings, monthly and weekly.
Therefore, it is very convenient for the computer to complete all these operations for you after setting up. All you have to do is log in to the account and hover over the investment options. You can see that it will be like this. Sharing builder plan options allows you to set up these automatic investment vehicles.
When you click on it, it will take you to this page. You have this small account option. There is a drop-down menu in the drop-down menu. What do you want to choose? You will set up an account for automatic investment information. I have set up my retirement fund, so for the sake of this video, I will do this for my general investment account.
Once you click on the money you put in, you can continue to click and start building a green plan button in the middle and bottom of the page. After clicking this option, it will take you to the next page. On the next page, it provides you with many useful tools.
Look at mutual funds, top stocks, top ETFs or the symbols you’re going to invest in here. For the purpose of this video, you can continue to enter the symbol in this box. Suppose we invest once a month, we will add $500 a month to our retirement account to add symbols.
Suppose we want to invest in Google, so you type goog, because that’s the symbol of Google’s alphabet. Suppose we want to invest $100 a month, so you can throw it here by clicking on that little plus sign. Once you put all the securities here, you can click the next button on the next page to get the $500 mark.
Let’s take a look at some of the top stocks currently available. Microsoft is one of the best-selling stocks, so let’s assume that we want to invest $100 a month in Microsoft and $100 a month in Wal-Mart, so we can put $300 into use and let’s put some ETFs in. Some ETFs are fans of these Vanguard ETFs because they charge very low fees.
Let’s make a total stock market, say 150 and a bond market. We also went there 150. Obviously, for those who are interested in understanding the general rules of thumb in retirement accounts, this is not entirely ideal for retirement accounts. You will take the number 110 and subtract your current age.
So suppose you’re 30, that’s 110 minus 30, and that’s 80. That’s the percentage of stocks you should invest in. Then 20% will invest in 80% of bonds, about 70% of which should be general funds in the U.S. stock market, including diversification of small, medium and large stocks.
And then 80% of them will be in international funds, so for those who are interested in this information, let’s get rid of one of them, and we’ll get rid of one of Google’s. So let’s go back to the $500 tag and you’ll click on the big green button to take you to the next page.
On the next page, it will ask you when to invest according to the schedule, you will set it up, you can choose weekly, monthly, every two months. Tuesday is always used as an investment day. Because Tuesday is not usually a holiday, the frequency of investment in this account will be set monthly for those who wish to avoid the $6.95 task only in general transactions.
You can do it once, and then you only have to pay about $3 and 95 cents for each transaction. So keep this in mind, if you want to do this, we will set it up for a long time. Therefore, we will continue to click on the monthly option, and then you can choose your investment day.
This will be the first, second, third or fourth Tuesday of the month. We will start early this month, so on the first Tuesday of each month, this particular example will be August 1, 2017. Once you do this, you will continue to click the big green button and the next button.
On the next page, you will see your funding plan here. It says, $500 a month, the total Commission on the four different securities we buy will be $15, and the total investment will be 80 cents, or $20. Then it will also show your first investment date. We may automatically withdraw electronic funds from our bank accounts.
This is also an option if you have a large amount in your capital investment account and you want to use a cash balance. But most people may have the money in their checks or savings accounts, so it’s an investment in Capital One. It will withdraw the day before the investment is about to take place.
It will automatically invest, and I don’t want to scroll down on this page because I don’t want to disclose my bank account information. It will display your bank account information at the bottom of my current page and will ask you to allow this automatic investment to be set up.
When finished, you will continue to execute and click the last button to activate your plan. This will establish your stock manufacturer’s automatic investment plan, whether it’s your retirement account or your general investment account.
I hope this video can help you. If you have any questions or doubts, you can continue to put them in the comments section. I will try my best to solve these problems. We hope to see you in future videos. Bye.