Today we’re going to show you how to set up automatic investing for a Capital One investing account. This is a great tool for people that are looking to automatically invest in something like a retirement fund, like a Roth IRA, traditional IRA without having to manually transfer the money over from your bank account and investing in the specific securities that you’re looking to do on a monthly and weekly basis, whatever have you have it set up for.
So it’s going to be really convenient to have the computer do all of that for you after you set it up. What you’re going to do is to log into that account, and then hover over the invest option and you can see it’s going to be like this. Share builder plan option, which can allow you to set up those automatic investing tools.
Once you click on that, it’s going to take you to this page, which you have this little account option with a drop down menu in that drop down menu. What you want to select, what account you’re going to be setting up that automatic investing profile. I’ve already set up for my retirement fund, so I’m going to do it for my general investing account for the purposes of the instructions in this video.
Once you click on the account you invest in, you’re going to go ahead and click that start building a plan big green button at the middle to bottom of the page. Once you click on that option, it’s going to take you over to the next page over. On this next page, it gives you a lot of helpful tools.
Here to look up mutual funds, top stocks, top ETFs or if what symbol you’re going to invest in. You can go ahead and type that symbol right into this box here, for the purposes of this video. Let’s say we’re going to invest once a month and we’re going to put in $500 into our retirement account per month for adding a symbol.
Let’s say we want to invest in Google, so you type in goog because that’s the symbol of alphabets Google corporation. Let’s say we want to invest $100 per month, so you click that little plus and it’s going to throw it over here. Once you have all of your securities over here, you’re going to click this next button to the next page to get up to that 500 dollar mark.
Let’s look at some top stocks that are currently available right now. Microsoft is one of the top stocks that’s selling, so let’s say we want to put $100 in Microsoft per month and $100 in Walmart per month, so that’s going to bring us up to 300 and let’s throw in some ETF. Some of the ETFs that I’m a fan of these Vanguard ETFs, because they have very low fees.
Let’s do a total stock market, let’s say 150 and a total bond market. Let’s go 150 in there as well. Obviously, this isn’t going to be perfectly ideal for a retirement account, just for those that are interested in knowing as a general rule of thumb with your retirement account. You’re going to take the number 110 and subtract your current age.
So let’s say you are 30, that’s going to do 110 minus, 30 is going to be 80 and that’s going to be the percentage that you should invest in stocks. And then 20% would be invested in bonds of that 80%, that’s in stacks about 70% should be in a general US stock market fund with diversification across small mid large and mega cap stacks.
And then the 30% of that 80% is going to be in an international fund, so for those that are interested in that information, let’s just get rid of one of these, we’ll get rid of the Google one. So we’re back to that 500-dollar mark and then you’re going to click that big green button to take you to the next page.
On this next page, it’s going to ask you when to invest based on the schedule, you are going to set up, you can choose weekly, monthly, bimonthly. Tuesday is always used as an investing day. Because a Tuesday usually doesn’t fall on a holiday, so the investment frequency for this account is going to be a monthly set up for those that are looking to skirt that $6.95 mission on just a general trade.
You can do a one-time, and then you’re only going to be paying about three dollars and 95 cents per trade. So that’s something to keep in mind, if you’re looking to do that, we’re setting this up for the long haul. So we will go ahead and click that monthly option and then you can choose your investing day.
It’s going to be first, second, third or fourth Tuesday of every month. We’ll do the beginning of the month, so first Tuesday of every month and that’s going to be August 1st 2017 for this particular example. Once you do that, you’re going to go ahead and click that big green and Next button again.
On the next page, you’re going to see your funding plan here. It says once monthly at $500 the total Commission across those four different securities that we purchase is going to be 15 dollars, and 80 cents for the total investment amount coming to 480 for 20. Then it’s also going to show your first investment date. We may fund automatically with electronic funds coming over from our bank account.
If you have a large lump of sum in your capital investing account and you want to use your cash balance, which is also an option. But most people are probably going to have that money over in their checking or savings account, so this is Capital One investing. It’s going to withdraw that the day before the investing is going to occur.
It’s going to automatically invest, I don’t want to scroll down on this page, because I don’t want to reveal my bank account information. It’s going to show you your bank account information below the page that I’m currently on and will ask you to give permission to set up this automatic investing.
Once you do that, you’re going to go ahead and click the final button to activate your plan. And that’s going to set up your share builder automatic investing in plan, whether it is for your retirement account or your general investment investing account.
I hope this video helped you guys, if you have any questions or concerns, you can go ahead and throw those down in the comment section, I’ll get around to those when I can. We hope to see you in future videos. Bye.