r/fidelityinvestments

In 2017 I inherited some very old-school stocks from my father when he passed away. These are held in an Oppenheimer account.

I have a Fidelity Roth IRA that I’ve been funding for a while. I I’m not going to be able to fund it this year because of other expenses. I know that capital gains are taxed nationally at 15% from my bracket. And I know that New York State, where I live taxes capital gains as income. If I sell about $8000 worth of stock from the Oppenheimer account and then put that money into my IRA, I have a rough idea of how much I would be taxed, which seems or rather large percent of the total. What I can’t tell is if it’s worth it. I’m not even sure what the calculation would entail. I’m about 60 years old and probably 5 to 7 years away from retirement. Is that time? Period long enough to recoup the tax hit? Or what way do I need to think about whether the gains outweigh the cost? There must be some kind of formula? Is there?

Do I just transfer the stocks over to Fidelity and then direct them to an IRA there? Or do I sell the stocks from Oppenheimer and just put the cash back to my Fidelity Roth IRA? Can anyone tell me how to calculate a decision like this? I’d really appreciate any assistance you could give. Thank you.

I travel a ton for work, and mostly access my account during "downtime" while travelling. However, Fidelity like to block people who have had accounts with them for 20+ years from accessing accounts while outside the US.

In order to facilitate this, I have VPNs on my phone, laptop and one router in the overseas office I "normally" work in.

Today I'm noticing that I cannot access Fidelity.com with my VPN on. Is this something new now?

You guys make it unnecessarily hard to be a customer.

Today I logged in and the layout was different,Why do they keep doing this,Why not make a few versions and let the customer choose what they prefer,I want the layout I had 2 days ago

Vanguard now offers outgoing ACATS transfer lock on its website. I know Fidelity has Account Lock/Money Transfer Lock.

The teaser on Vanguard’s website is ‘Full Transfer Lock.’

I have seen a screenshot mentioning the above Full Transfer Lock. If this is true, will Fidelity follow suite and offer an equivalent Full Transfer Lock for the brokerage and CMA accounts?

Hi everyone,

For people who considered using a financial advisor, wealth manager, or investment counselling service:

• How did you choose the person or firm?
• How often can you reach out to them, and do they provide enough value for the time you get with them?
• What parts feel frustrating or unclear?
• How do you trust the performance?

If you can answer any of these, it would be really helpful.

Thanks.

Fidelity Team,

It looks like you guys made some update to the Activity & Orders page of the website and it is absolutely painfully SLOW! I used to execute my orders then go there to quickly copy the total into my spreadsheet. But now, it loads VERY SLOW and takes too much time to load. Also, if I need to go in and quickly change my order (sell price for example) it is causing me to get out too late! Please consider fixing this page as soon as possible as I am so distraught about it I'm considering switching brokers.

Also, I know you will ask....yes, I did delete cache and tried 3 different web browsers, all are the same. It is definitely something you guys changed. I hope you guys can fix this as soon as possible. I find using the website is much easier for me to read then using the application so I want it to be as good as it was before these changes were made.

Thanks

ATP running hard this morning with 15% of my CPU and 4300mb of memory.

Usually runs at 3% CPU and about 1200mb of memory.

Rebooted once, no help there.

Am I going senile or did I used to be able to click on the tbill in positions view and click research and go straight to the page showing the particulars for that tbill -- which is very helpful for managing my tbill ladder.

Today, when I clicked on research and then on View details for UNITED STATES TREAS BILL xxxx yyy ZERO CPN, it did not take me to a page about that CUSIP. It takes me to https://digital.fidelity.com/ftgw/digital/finewexp/secondaries a page where I could buy or sell on secondary market. If I pressed buy or sell instead of research, that could make sense.

As is, it makes no sense at all. To look up the details about a tbill in my positions, I will have to open a different tab navigate to the fixed income page (several clicks) copy and paste the cusip and search. That is a long route.

Is it just me or can others reproduce this problem?

So I just took a look at Fidelity's CDs. They gave a CS CD at 4% that is only a month long. Maturity at 8/7/26.

1. I thought CDs were at least 3 months
2. How is that possible? Is it paying 4% a month or is it still 4% a year but you don't have to commit to a whole year.

Say I put 5k in. There is no way I'm getting 200$ a month right. I'm assuming it's 4% a year and you're just getting that pay out monthly so you'd really be getting about 16.67 a month.

Please correct me if I'm wrong becauses there is no way that there is just essentially gold sitting in front of me.

Edit So that was solved quickly. I'm assuming that this probably isn't the best way to earn and a regular investment would probably be better than huh.

I have exactly 100 shares of a stock that I want to sell a covered call on. Fidelity is saying “unlimited loss” - I assume this is normal, but I really want to be sure that the following statement is true:
“As long as I have 100 shares of the stock I want to sell a call on, the stock is not restricted in any way, and the stock is not part of another unfulfilled transaction; if I sell a call, it will be a covered call”

Hello all!

I have three main taxable Fidelity accounts I've been using to great effect for the last couple of years:

1. CMA for standard checking-like duties, in/out hub for all money coming to and from Fidelity

2. Brokerage account holding emergency fund in SGOV. I chose a standard Brokerage over a second CMA just because I didn't need the ATM reimbursement, Cash Manager or other features on this account.

3. Second standard Brokerage account holding equities and options (primarily for psychological separation from my liquid cash savings)

The question I have is as follows. Until recently I held the emergency fund in FDLXX and in the rare occasion I had to dip into it, I enjoyed the instant liquidity that Fidelity offers on their money market funds. It was as simple as initiating a transfer to the CMA and it would land over there as SPAXX, instantly usable with no delay. I switched the emergency fund to SGOV as interest rates fell just to capture a little bit more interest, but ideally I would like to ensure that the money is instantly available if I ever need it immediately (like last year, I wanted to hop on a great deal for a private vehicle sale and took out $10k in cash same-day by wire to my brick and mortar bank.)

Naturally my first idea was to enable margin on the second brokerage account, and then presumably after the position auto-journals into margin I should be able to borrow against it for instant "withdrawal" and pay a few bucks for the 24-48h of interest should the need ever arise. The problem is that I discovered you cannot have margin enabled on two "identically registered" brokerage accounts, and account #3 already has options + margin set up, so that stopped me in my tracks.

I could just cancel account #2 altogether and hold SGOV in account #3, but I really like the mental separation between "cash-equivalent savings" and "taxable equities investments" and having two accounts gives me that.

So I guess what I'm asking is...

1. is my understanding correct that I could borrow instantly (incurring interest) against the entire balance of my SGOV holdings after they auto-journal in a margin enabled account

2. in the event of "I need cash now for an unexpected purchase that exceeds my CMA balance" or god forbid an actual emergency situation, is there ANY way to borrow against SGOV holdings in a cash account or would it need to be held in margin? Most everyday situations that would exceed the CMA balance I would just throw on credit and pay it off later with no need to worry about settlement time. It's the situations where you want/need physical cash in hand.

I know that the second brokerage account for emergency fund is a pretty popular setup, as is SGOV, so I figured this would be the place to ask.

Thanks in advance!

For those who have a CMA with automatic investments, it be nice to see how much buying power/available liquid cash is in the account, along with the total account value. Is there a way to add that right under the account value on the main screen?

Thanks in advance.

If there is an option to already add that, please lmk. Thanks.

Reporting so Fidelity Technical team can address this issue.

Second time this has happened in last 3 weeks.

EDIT: 7.56AM

Issue appears to be resolved in both trader pro (classic) and trader pro+ (thanks)

I've been using a Fidelity CMA as my main bank account for a few months and haven't had any issues. However, I just tried to deposit my paycheck from my job and it wouldn't let me because my daily deposit limit has been reduced to $1000. This has never been the case before now and apparently I'm no longer able to deposit my paychecks anymore. I still have a Capital One checking account I can use to deposit the check and send it over, but now there's extra steps that I didn't have to do before and it'll obviously take longer.

Any idea why this suddenly changed? Is this a new limitation on Fidelity CMAs or something specifically added to my account? Can I call and have my deposit limit increased?

Okay, so I'm planning on moving most of my cash from a traditional bank account into the Fidelity CMA for the returns on SPAXX instead of just letting it sit there doing nothing.

It seems like a great idea but the one thing I can't find an answer for is how it works outside of market trading hours. The way I understand it is that it auto-sells SPAXX shares when you use the debit card or pay a bill, etc. but if it's selling those shares then isn't that technically not supposed to work if the market's closed?

Any explanation as to how this actually works would be greatly appreciated. Thanks!

For those who have a Fidelity CMA debit card and also a bank/credit union debit card, when you withdraw cash, which do you usually use: the CMA debit card or your bank/credit union card?

Greetings! I'm looking into changing a checking account to one that will be less useless when money sits in it.... for context of what i am looking for... i have all of my recurring bills such as phone, insurance, car payment, credit cards, etc, all on autopay out of a checking account... and i direct deposit enough from my paychecks to cover them.... however, since some of those bills are yearly or 6-monthly, some amount of money stays stagnant in the account.... and i would also like to have extra sitting in it, for unexpected loss of income or raising of costs... so i started looking for a checking account that pays interest, so at least it does something... this search for checking with interest, from multiple sources, led me to fidelity CMA... and further research into it seems to suggest i can do the same thing with a brokerage? so, before i decide to open an account and switch everything over, i'd like to ask some questions. my lack of knowledge of terms ensures the research i have thus far done doesnt quite answer as simply or directly as i would like.

so, question 1: many of my bills autopay, i put in routing and account numbers, and it just works. will it work the same with CMA and/or brokerage, even though not technically checking?... i have searched it myself, but not knowing what its called (direct debit, echeck, something else?) i dont know what my search results refer to... similarly, while research said i can pay bills from fidelity via billpay, it sounds like something i set up via fidelity, not from the origin of the bill..... im sorry i am so confused, but i just want a simpler "does it work or not?"

question 2: does the debit card work for depositing? withdrawing from cashapp or a lottery app, withdraws to bank account via debit card. again, because not technically checking, i dont know if this works.

question 3: this one is very likely an obvious yes, but just to double check: i can auto-reload cashapp via the debit card, right?

question 4: everything i've searched seems to suggest the brokerage and CMA have the same abilities and features.... what is the actual difference?

and final question: i assume a brokerage will allow me to autobuy stocks, and can probably set up drips, and i assume can buy fractional shares.... is all this right? and if so, is there an option to keep a certain amount "uninvested" (or rather, in spaxx), and auto invest everything above that number, into stocks i choose, with percentages i choose? like, every month, take everything above $10k and invest it, 20% into x, 20% into y, etc..... i like to set up my finances as "set and forget", letting it work automatically..... this one doesnt make or break my decision, since i dont think anything will have such a specific system, but im hopeful and asking questions anyways.

Sorry for long post, sorry for being an idiot, etc. thanks for any replies.