Can I set up automatic investments with American Funds?

Yes, American Funds offers options for setting up automatic investments. Investors can typically establish an Automatic Investment Plan, which allows for regular contributions to their accounts on a specified schedule. This convenient feature helps investors invest consistently over time, potentially capitalizing on market fluctuations through dollar-cost averaging. To enroll in an Automatic Investment Plan, investors usually need to specify the amount to be invested, the frequency of investments, and select a designated account from which funds will be withdrawn. This plan can be a valuable tool for building a long-term investment strategy with American Funds. For the most accurate and current information regarding automatic investment options and procedures, it is advisable to visit American Funds' official website and check the relevant sections.