Fidelity is a good brokerage for investors who want to invest in mutual funds and individual stocks. However, its wealth management services are more controversial. Some financial advisors argue that the fees charged by Fidelity for these services are not justified by the company’s performance. Others contend that the quality of Fidelity’s wealth management services … Read more
Welcome to our guide on how to get TurboTax for free from Fidelity for the 2022-2023 tax season. Fidelity customers have the opportunity to take advantage of this exclusive offer, which allows them to file their taxes with TurboTax Premier Online at no cost. In this tutorial, I will be covering two things: Fidelity Free … Read more
If you recently opened a Fidelity account, you may have trouble transferring money from your bank to your brokerage account. This error message appears when an issue prevents the transfer from being processed. Error (MMH2000) Your transaction cannot be processed at this time. Please try again later, or call a Fidelity Representative at 800-544-6666. This … Read more
As a community advisor, one of the questions I get asked often is, “What time do mutual fund update on Fidelity?” The answer to this question depends on the type of investment you’re looking at. For ETFs, Fidelity updates the price throughout the day (real-time reporting). This means that you can see changes to the … Read more
Fidelity makes it easy to manage how you receive and reinvest Dividends and Capital Gains distributions from your equity and mutual fund investments. Through the Fidelity platform, investors can easily update their preferences for dividend reinvestment and make changes to a particular position. How to Reinvest your Dividends on Fidelity One of the best features … Read more
It’s the end of the year. It’s time to see how much you spent on commissions and fees this year with Fidelity. Many investors have trouble finding this information, even after searching through their account statements. In this tutorial, I will show you how to view your total commissions and fees paid to Fidelity brokerage. … Read more
Some Fidelity customers wonder why certain instruments like the S&P 500 E-Mini futures contract (ESH22) are not available. When you enter a specific futures instrument into the Fidelity platform, it will return “Symbol Not Found.” That is because, currently, Fidelity does not offer trading for commodities and futures contracts. Cryptocurrency used to be on that … Read more
A few months ago, trading cryptocurrency on Fidelity was unimaginable. But things have changed. It’s now possible to buy and sell Bitcoin and Ethereum using the Fidelity Crypto app. Fidelity is currently rolling out cryptocurrency trading access for some customers who have signed up for the Fidelity Crypto Early-Access List. Here’s how to do that. … Read more
Someone asks: I’m unable to short $GME stock on Fidelity. The broker is giving me this error message: (PA0012) Your order to sell short can not be accepted. The security is either ineligible to short, there are currently no shares available to short, or there are insufficient shares available to meet your request. Please review … Read more
Someone asks: I recently began a new job and discovered that Fidelity administers our company 401k plan. While reviewing my account, I noticed charges for “RecordKeeping Fee,” and I am wondering about the specifics of these fees and if there are any strategies to minimize or avoid them within the 401k plan. What is RECORDKEEPING … Read more
