Can I set up automatic investments with Vanguard?

Yes, Vanguard offers the option to set up automatic investments, which can be a convenient way for investors to regularly contribute to their accounts without the need for manual transactions. This feature is particularly beneficial for individuals looking to build their investment portfolio gradually over time. Customers can establish automatic investments for various types of accounts, such as individual brokerage accounts, retirement accounts, and education savings accounts. To set up automatic investments, an investor typically needs to specify the amount they wish to invest, the frequency of the investments, and the account from which the funds will be withdrawn. Common frequencies for automatic investments include weekly, biweekly, and monthly intervals. This system allows investors to take advantage of dollar-cost averaging, which can help mitigate the impact of market volatility by spreading investments over time. If an investor is considering this option, they should visit the relevant pages on the Vanguard website where they can find more detailed information on how to initiate automatic investments. There they will also find guidance on any specific requirements or choices that may apply based on the account type they hold.