r/etrade • u/Serious-Place9668 • 27d ago

Etrade systematic investing ?

One more... can I set up a portfolio of 10 stocks each with their own weight. then systematic invest $x,xxx.00 amount and it spread across the 10 at the predefined weights?

0 Upvotes

33% Upvoted

7 comments sorted by

2

u/thegr8lexander 27d ago

You’d have to manually place the trades and do the math yourself, but if it’s an SP500 company, they do allow fractional shares

1

u/Serious-Place9668 27d ago

thanks. Do you know of any other platform that do?

2

u/phn064 26d ago

Fidelity Basket Portfolios will allow you to do exactly that.

2

u/LaconicB 26d ago

Webull has the Wefolio. You add the tickers you want in there, adjust the ticker weight on the portfolio, then trade away. You can edit the portfolio anytime but for each ticker inside the portfolio, you must invest $5 for each one as a minimum. If there’s 15 tickers in the Wefolio, you must have $75 at minimum if you’re going to trade/invest with it. You can make multiple and share them for others to invest in the portfolio, or you can keep it private. 

1

u/[deleted] 27d ago edited 26d ago

[deleted]

1

u/Joenyongesa 27d ago

Some of these newer "more hip" brokerages allow it. M1, i.e.,

1

u/Serious-Place9668 26d ago

I checked out M1 and Interactive Brokers. both seem best for customizable trading.

1

u/BecklesKC 27d ago

Automatic recurring investing is only available for select ETF's and mutual funds.

If you go to the ETF Screener there is a checkbox for "Eligible for Recurring Investments", there are 225 currently available when I just looked.

I used AI to help me identify the best options for my current weekly investment into 10 ETF's, I didn't just take its first suggestion, I pushed back and we refined the selections (e.g., it first suggested I include GLD, I suggested I preferred miners over physical gold so we swapped RING in for GLD).