Fidelity money market funds like SPAXX, SPRXX, and FDLXX, are offering yields north of 4.9%. Unsurprisingly, investors are leaving their money inside their core position rather than investing it elsewhere. Some investors on Reddit are wondering what would happen to these Fidelity money market funds in the event of a government shutdown. Specifically, how long … Read more
If you’re a US citizen and find yourself subjected to backup withholding on your Fidelity account, there’s a straightforward process to address this issue. Backup withholding is typically imposed by the IRS if there’s an issue with your Social Security Number (SSN) or Taxpayer Identification Number (TIN) certification, such as a name mismatch due to … Read more
Tools like Mint or Personal Capital (Empower) can be a game-changer when managing your finances. However, recent concern has been raised about the potential risks of providing your Fidelity login details to these platforms for account aggregation. What happens if your Fidelity account is hacked through a third-party app or website? Undoubtedly, someone could get … Read more
If you’re like me and have been trying to set up a linkage between Fidelity and another institution using Plaid, you might have hit a few roadblocks. From what I gathered, many Fidelity customers also need help with this process. Fortunately, there are alternative methods to get your accounts connected smoothly. Here’s a step-by-step guide … Read more
Are you wondering if your CSP or cash-secured put is eligible to earn interest on Fidelity? Many Redditors have shared their success stories about selling cash-secured puts to earn additional income (premium) while also making money on the interest from the cash being held in their SPAXX core position. In this blog post, I’ll give … Read more