Now that Fidelity offers crypto trading to the public, it’s time to talk about taxes. If you buy and sell crypto on the Fidelity platform, you’ll either make a profit or a loss, and you need to report that on your taxes. So, how does the brokerage handle tax reporting for Bitcoin and Ethereum trades? … Read more
On Fidelity, there may be restrictions on what you can invest in based on your account type and age. A Fidelity customer recently posted about their experience trying to purchase the QYLD ETF with a youth account. They received this error message from Fidelity: (149009) We’re sorry, but your account isn’t eligible for securities that … Read more
Encountering issues while using Fidelity’s website, mobile app, or services can be an unpleasant experience. It can be frustrating and time-consuming to try and solve the issue on your own. Fidelity Investments provides different options for customers to receive the help they need, including email, live chat, and phone support. Let’s take a look at … Read more
Someone asks: I sold a stock at a loss, then repurchased it to average down, resulting in a Wash Sale violation in my Fidelity account. If I buy shares at a lower price and then sell the shares that incurred a loss, would that still be considered a Wash Sale violation? Fidelity Wash Sale Explained … Read more
Lately, the Fidelity website has been very slow for me. I don’t know if anyone else has had a similar issue. The account summary and position pages take forever to load, possibly due to increased traffic and new investors. As a result of this problem, buying new stocks and selling existing positions is impossible. When … Read more
Fidelity Investments offers a referral program where current customers can refer friends and family to open an account with the company. However, unlike other investment companies such as Robinhood and Webull, Fidelity does not offer a financial incentive for customers who refer new accounts. In plain English, you do not get paid when someone signs … Read more
Someone asks: Can I transfer money to my Fidelity Investments account using Zelle? Is Zelle a supported payment option for depositing or withdrawing funds from my brokerage account? Zelle is a payment service that allows you to send money to friends and family. You can also use it to deposit money into stock trading apps. … Read more
Someone asks: Does Fidelity charge fees when I buy Vanguard funds inside my Fidelity portfolio? If so, how much? I’m interested in buying a few Vanguard mutual funds. Can You Buy Vanguard Funds Through Fidelity? It’s possible to purchase Vanguard mutual funds and ETFs through Fidelity. However, additional fees and restrictions may be applied when … Read more
Someone asks: Does Fidelity have an option to auto-invest on mutual funds inside of an IRA account? I have a portion of my bi-weekly check deposited so I don’t want to worry about allocating it to my mutual funds. Short answer: Yes, you can auto invest with Fidelity. Follow the tutorial below to learn how … Read more
There are times when someone would need to close their Fidelity account. I can think of a few reasons: Whatever the reason is, you are more than welcome to say goodbye to your account with Fidelity Investments at any time. In this tutorial, I will show you how to close and delete your Fidelity account. … Read more
