Fidelity Enhanced Index Funds (EIFs) are set to undergo a conversion to Exchange-Traded Funds (ETFs) this November. For those who have received the August email notification or are simply curious about the transition, here’s a comprehensive breakdown of what this means for you. Background: The Fidelity Conversion Fidelity, a renowned investment management company, is converting … Read more
Yes, you can purchase Vanguard mutual funds through Fidelity, but it comes with a transaction fee. Here’s what you need to know. Fidelity Online Purchase Fees for Vanguard Funds When you buy Vanguard mutual funds on the Fidelity website, there is a fee of $75 (it’s now $100). This is like a service charge. Rep-Assisted … Read more
Fidelity had been managing my retirement account for years, charging a 0.6% fee. But now, I was considering a change. I wanted to take the reins and manage the investments myself. When I reached out to Fidelity, they assured me that if I stopped their service, my existing investments would remain untouched. Some of my … Read more
Active Trader Pro from Fidelity is a powerhouse tool for all your trading needs. It provides a dedicated platform to trade stocks, options, and index funds. Given how ATP has not seen any major upgrades over the past year, it’s not uncommon to encounter issues. Your Active Trader Pro may freeze, crash, and generally stop … Read more
Are you having trouble logging into your Fidelity mobile app? It keeps crashing every time you attempt to open it, right? Those are some commonly reported issues from Fidelity customers. I personally have been through a few of those incidents. What To Do if the Fidelity App Is Not Working? If the Fidelity mobile app … Read more
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