Deciding between SPAXX and FZFXX on Fidelity might seem daunting, but it really doesn’t have to be. These two are the go-to choices for managing cash in your Fidelity account, and if you’re just starting out, here’s a simple tip: pick one and roll with it. However, if you’re curious about the nitty-gritty, I’ve got … 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
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 curious about the Fidelity equivalent of the popular QQQ ETF, which mirrors the Nasdaq 100 index? Look no further! In this guide, we’ll unravel the Fidelity Nasdaq Composite Index Fund (ONEQ), which is the equivalent of QQQ for Fidelity customers. Let’s explore the similarities and differences between the two funds. What Is QQQ? … Read more
If you’re new to the stock market, paper trading is the way to go. This method allows you to buy shares of different companies without risking any money. Once familiar with how it works, you can deposit money into your Fidelity account and start investing. Does Fidelity Have Paper Trading? Despite my most recent conversation … 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
Which is better, VOOG or VUG? Both VOOG and VUG are large-cap growth ETFs, which means they invest in large companies that are expected to grow faster than the overall market.