Is Fidelity Offering Paper Trading in 2023? The Truth!

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

[Explained] 👩‍🏫 What Is SPAXX in your account on Fidelity.com?

spaxx interest calculator

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

Can You Sell Covered Calls in Your Fidelity 401k Account?

fidelity 401k login

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

UseFidelity