(M1-esque) Etrade added ETF's to their Automatic Investing Plans

[8000m]

This may be old news to some, but I just saw that Etrade is offering ETF auto investing in a somewhat similar fashion to M1. Some items that stood out from my cursory review of their FAQ:

• I didn't see the launch date for the functionality, but they indicated it is 'new'

• 100 ETF's are eligible to be used, included are many popular low-ER/broad market funds from VG, shares, Schwab

• One can mix & match ETF's & Mutual Funds in the same automated plan

• They consolidate all orders of eligible ETF's for Tuesday execution & each person receives the same price

• Beyond the above poinst, I was underwhelmed by the disclosed execution details for the ETF purchases

[buzzz_buzzz_buzzz]

This is encouraging -- hopefully others follow suit. Seems like the most sensible execution would be some sort of MOC order, no?

[sycamore]

It appears to have been around a while, here's an old thread: viewtopic.php?t=365872

The set of eligible ETFs are here: https://us.etrade.com/e/t/invest/wsoddi ... trategy267

I'm not currently in accumulation mode, but agree it would be good to know more about trade execution details for those who are.

[the_wiki]

Yeah it’s been around for a while. Just on specific high volume ETF.

Still easier to do mutual funds (which are all no fee at E*Trade now)