Do you want to automate your investment journey and build wealth consistently without constantly monitoring the market? Then learning how to schedule a buy on Webull is for you! Webull offers a fantastic "recurring investment" feature that allows you to set up automatic purchases of stocks and ETFs, helping you embrace a disciplined investment strategy.
This comprehensive guide will walk you through every step of setting up recurring buys on Webull, from funding your account to choosing your investment frequency. Let's get started!
How to Schedule a Buy on Webull: Your Step-by-Step Guide to Automated Investing
Step 1: Are You Ready to Automate Your Investments? (Engage!)
Before we dive into the technicalities, ask yourself: What are your investment goals? Are you aiming for long-term growth by dollar-cost averaging into blue-chip stocks? Or perhaps you want to consistently invest in a specific ETF to diversify your portfolio? Understanding your "why" will make the process of setting up recurring buys much more meaningful and effective.
Step 2: Ensure Your Webull Account is Primed for Action
To schedule a buy, you first need a fully functional and funded Webull account.
2.1 Opening Your Webull Account
If you haven't already, the very first step is to
2.2 Funding Your Webull Account
Your recurring buys need funds! You can fund your Webull account through various methods:
ACH Deposit: This is typically the most common and often instant for initial buying power, though it might take 3-4 business days for the funds to fully settle.
Wire Transfer: Faster for larger sums, but usually incurs a fee.
Micro-deposits: A slower but secure method where Webull sends small deposits to your bank account, which you then verify.
Important Note: To set up recurring investments, you'll need to link a bank account through Webull's PayTo feature (or equivalent in your region). Funds for recurring buys will be deducted directly from this linked bank account or from your Webull buying power (settled cash) on the scheduled investment day.
Step 3: Navigating to the Recurring Investment Feature
Once your account is set up and funded, it's time to find the "Recurring Investment" section. The exact navigation might vary slightly between the mobile app and desktop platform, but the general path is similar.
3.1 On the Webull Mobile App
Log in to your Webull app.
Tap on the "Menu" or "Accounts" tab (usually located at the bottom right of the screen).
Look for an option like "Recurring Investment", "Auto Invest", or something similar. It's often found under a section related to "More Features" or "Financial."
3.2 On the Webull Desktop Platform
Log in to your Webull desktop platform.
Navigate to the "Account" or "Portfolio" section.
You should see a clear option for "Recurring Investments" or "Automated Investing."
Step 4: Setting Up Your Recurring Investment Plan
This is where the magic happens! You'll define the specifics of your automated buy.
4.1 Selecting Your Investment
Choose the Asset: You'll be prompted to select the specific stock or ETF you wish to invest in. You can search by ticker symbol (e.g., AAPL for Apple, SPY for SPDR S&P 500 ETF Trust).
Fractional Shares: Webull supports fractional share trading for many US stocks and ETFs. This is incredibly valuable for recurring investments as it allows you to invest a specific dollar amount, even if it's less than the price of one full share. Look for a green diamond logo indicator on the stock's page to confirm fractional share eligibility.
4.2 Defining Your Investment Amount
Dollar-Cost Averaging: This is the core benefit of recurring investments. Instead of trying to "time the market," you commit to investing a fixed dollar amount regularly. This averages out your purchase price over time, reducing the risk of buying all your shares at a market peak.
Enter the specific dollar amount you want to invest each time (e.g., $50, $100, $250). Remember that for fractional shares, the minimum investment is typically $5.00.
4.3 Choosing Your Investment Frequency
Webull typically offers a variety of frequencies for your recurring buys:
Daily
Weekly
Bi-weekly (every two weeks)
Monthly
And potentially other options depending on your region.
Select the frequency that best aligns with your financial inflows (e.g., your payday) and your investment strategy.
4.4 Reviewing and Confirming Your Plan
Double-check all details: Before finalizing, carefully review the selected stock/ETF, the investment amount, and the frequency.
Read the disclosures: Webull will likely present you with disclosures related to recurring investments, market orders (as fractional share buys are typically market orders), and the associated risks. Make sure you understand them.
Confirm: Once you're satisfied, confirm your recurring investment plan. You'll usually receive a confirmation message or email.
Step 5: Managing and Monitoring Your Recurring Buys
Setting it and forgetting it is great, but it's still important to occasionally monitor your automated investments.
5.1 Monitoring Your Purchases
You can typically view your past recurring buys in your transaction history or order history within the Webull app or desktop platform.
Keep an eye on your portfolio to see how your consistent investments are contributing to its growth.
5.2 Modifying or Pausing Your Plan
Life happens, and your financial situation or investment goals might change.
You can usually easily modify the investment amount, frequency, or even the chosen asset for your recurring plan.
If needed, you can also pause or cancel a recurring investment plan at any time. Look for options like "Edit Plan" or "Pause/Delete" within the Recurring Investment section.
Benefits of Scheduling Buys on Webull (and Why You Should Do It!)
Dollar-Cost Averaging (DCA): This strategy mitigates risk by averaging out your purchase price over time, rather than trying to time the market. You buy more shares when prices are low and fewer when prices are high.
Disciplined Investing: Automated buys remove emotion from the equation, ensuring you stick to your investment plan even during market volatility.
Consistency is Key: Regular contributions, no matter how small, can add up significantly over the long term thanks to the power of compounding.
Fractional Shares: Webull's support for fractional shares means you can invest in high-priced stocks with a smaller budget, allowing for greater diversification.
Time-Saving: Once set up, you don't need to manually place orders, freeing up your time for other activities.
10 Related FAQ Questions
How to set up a Webull account for recurring investments?
To set up a Webull account for recurring investments, you first open a standard brokerage account, then link a bank account for funding, typically through Webull's PayTo service, to enable automatic transfers for your scheduled buys.
How to link a bank account for recurring buys on Webull?
You can link a bank account for recurring buys on Webull by navigating to the "Deposit" or "Funding" section, selecting the ACH transfer option, and following the prompts to securely connect your bank account using your bank's login credentials or by verifying micro-deposits.
How to choose the right stock or ETF for recurring investments on Webull?
To choose the right stock or ETF for recurring investments on Webull, consider your long-term investment goals, risk tolerance, and research potential assets using Webull's analytical tools, focusing on companies or funds with a strong track record and future growth potential that also support fractional shares.
How to adjust the frequency of my scheduled buys on Webull?
To adjust the frequency of your scheduled buys on Webull, go to the "Recurring Investment" or "Auto Invest" section within your account, select the specific plan you wish to modify, and then change the frequency option (e.g., from weekly to monthly) before confirming the update.
How to pause or cancel a recurring investment plan on Webull?
To pause or cancel a recurring investment plan on Webull, access the "Recurring Investment" section, locate the specific plan you want to stop, and then select the option to "Pause" or "Delete/Cancel" the plan.
How to check the status of my scheduled buys on Webull?
You can check the status of your scheduled buys on Webull by reviewing your "Order History" or "Transaction History" within the app or desktop platform, where you'll see details of past executed recurring orders and any upcoming scheduled transactions.
How to ensure I have enough funds for my Webull recurring buys?
To ensure you have enough funds for your Webull recurring buys, either maintain sufficient settled cash in your Webull account or ensure your linked bank account has the required balance on the scheduled investment date, as funds will be automatically deducted.
How to use fractional shares effectively with Webull recurring investments?
To use fractional shares effectively with Webull recurring investments, simply specify the dollar amount you wish to invest in a particular stock or ETF; Webull will then purchase the corresponding fraction of a share, allowing you to diversify more easily and invest consistently regardless of share price.
How to view my average cost basis for recurring investments on Webull?
Webull typically provides tools within your portfolio or position details to view your average cost basis for all shares held, including those acquired through recurring investments, which is helpful for understanding your overall performance.
How to get help if I have issues with scheduling a buy on Webull?
If you have issues with scheduling a buy on Webull, you can typically find assistance by accessing Webull's "Help Center" or "FAQ" section within the app or on their website, or by contacting their customer support directly through chat, email, or phone.
