Robbie 
SPAXX is Fidelity’s government money market fund that’s not invested or settled. After depositing money into your account on Fidelity.com, it’s automatically placed into SPAXX as cash earning interest. From this “core position”, cash stays in SPAXX in your Fidelity money market account, earning interest (similar to an FDIC savings account) until it’s invested on … Read more
Many investors consider covered calls a great strategy to help them enhance their returns. And it’s true! I do it all the time in my regular brokerage account and retirement accounts. Speaking of which, an interesting question was asked earlier today: “Can Fidelity customers sell covered calls in their 401k accounts.”? Understanding Your Trading Restrictions … Read more
You see, I had 106 shares of BIV and 56 shares of BLV in my account, acquired between September and November of last year. These were transferred in when I made the switch from Vanguard to Fidelity. As I attempted to sell some or all of my shares, Fidelity threw the following notice at me: … Read more
A friend suggested an exciting company for me to invest in. I tried to trade the stock on Fidelity, and it was flagged as “Reg S.” As a result, Fidelity wouldn’t let me invest in the security. (146822) Securities flagged as Reg S cannot be traded through this electronic channel. Please review your order or … Read more
Last week, I decided to add Margin to my Fidelity account. I wanted to hold off on transferring funds for an order until it was actually filled. I was a bit hesitant about transferring money into the account before a limit order goes through. Fast forward to today, and I made my inaugural buy using … Read more
As someone who’s been through the process of deciding between a Fidelity Roth IRA and a Fidelity Traditional IRA, I understand how overwhelming it can be. It’s a decision that will significantly impact your retirement savings. Here’s my take on the matter: The Roth vs. Traditional Dilemma When I started planning for retirement, I heard … Read more
I recently ran into an issue with Fidelity while trying to trade Hong Kong stocks. I got hit with Error Code 020282, which left me asking myself, “What’s going on? I’ve traded Hong Kong stocks through Fidelity before!” The full message reads: (020282) Opening transactions online are not currently being accepted for this country. Please … Read more