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Subject:  monthly auto investing Date:  2/2/2001  1:37 AM
Author:  jerrydean2 Number:  27628 of 90512

Does anyone know of any investment companies that allow you to make monthly (automatic withdrawal) investments into a mutual fund to take advantage of dollar cost averaging? Basically the same thing as a 401k except I want to do this with my own IRA or taxable account. It seems like every brokerage firm I've looked into would require me to deposit my initial investment and subsequent investments by mailing checks and then purchasing funds each month. This is an inefficient, and for me, impractical way to invest monthly. I would appreciate any advice you guys could provide me.

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