{ "media_type": "text", "post_content": "Planning to automate buying. Can I automate VOO buying? Any specific day/ schedule which worked better for you guys?", "post_id": "60ff96766cf59f002badf401", "reply_count": 9, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }
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Planning to automate buying. Can I automate VOO buying? Any specific day/ schedule which worked better for you guys?

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You can’t automate ETF purchases. Only mutual funds. I think the VOO equivalent is VTSAX but double check me

Robinhood let's you automate ETF purchases, but not sure what platform OP is using.

The only platform I have found that allows this is unfortunately Robinhood. This is the only reason I still have a Robinhood account. I have it set to automatically buy $1,000 of VOO and $1,000 of QQQM every other week (non pay period weeks). After it gets to be a certain value in my account, I will transfer the whole shares to go to my Merrill account. this usually happens once a year for me.

How often do you plan on buying. I buy some every other week when I get paid. It really takes a minute to do it manually. As mentioned above If you want VOO you can automate with the mutual fund version

If you want the vanguard mutual fund buy it there. Same with fidelity fund at fidelity. I know fidelity charges a fee for the vanguard mutual fund and wouldn’t be surprised if vanguard does with the fidelity mutual fund

I use vanguard and fidelity and does not want to get into hassles of buying myself. Need to stay consistent and buy every week

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