Overview

Recurring investments allow you to automate your investing by scheduling automatic purchases of stocks, ETFs, or crypto assets. You choose the security and the schedule.  

You choose how often you want to invest, with frequencies including daily, weekly, bi-weekly, or monthly. Once you set up your recurring investment, funds will be automatically invested from your chosen source at your selected frequency.

Funding your recurring investments

You can fund your recurring investments from the following sources:

• Funds in your chequing account  
• Chequing from your trading account's available to trade balance  
• An external bank account  

How to set up a recurring investment

Follow these steps to set up a recurring investment:

1. Log in to your Wealthsimple mobile app
2. Tap the Search tab at the bottom of your screen
3. Search for your desired security and select it
4. Tap Buy
5. Tap the order type menu in the top right corner
6. Select Recurring
7. Enter a dollar amount
8. Choose a Start date by selecting the date
9. Tap Frequency to select a frequency
10. Choose your funding source
11. Select the account you want to purchase the security in
12. Tap Review
13. Review your details
14. Tap Confirm recurring investment to finish

You can set up a recurring investment with the start date as the current date. However, your order might not be executed on the same day. We recommend a 24-hour buffer.

Recurring investment order schedule

Recurring investment orders are placed starting in the afternoon of your selected start date and will continue at your chosen frequency (daily, weekly, bi-weekly, or monthly) until you choose to cancel or pause the investment.

Related articles

• Pause or cancel a recurring investment