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Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.

Help with Fidelity Regular Saving Plan

2 replies

Combusting · 02/09/2023 20:09

Does anyone here have experienxe with setting up a Fidelity regular saving plan?

I've opened the account and set up the monthly DD to auto take a fixed amount each month. I'd like to simply track a cheap index of my choice and not think about it and leave it be for the long term.

The issue is - whilst DD is set up I'm not being able to figure out how to actually pick the investment (ie the cheap, passive low cost tracker I'm trying to pick). Is this because the first DD hasn't actually arrived so I effectively can't pick unless it's arrived? Or?

We do a similar thing for the kids with a Vanguard tracker where it was so easy to set up and pick the index right from get go. Maybe should stick with vanguard!

OP posts:
Lucanus · 02/09/2023 23:47

Did you consider Trading 212 as an even lower cost option? No annual fee and no charges for buying/selling shares or funds. There are a range of low cost trackers, I think some with management charges under 0.1%. I haven't used the autoinvest feature but looks straightforward to set up once you have chosen what to invest in.

LovelyBoy2023 · 06/09/2023 17:22

I think if you go to the menu and choose manage investments- you can choose regular savings plan- if it comes up click on manage - and it should give you the option to edit the plan - then you can add particular investments.

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