I just turned 19 and just started investing in a brokerage account. I don’t really like the idea of retiring at 60 — I’d rather try to retire early and actually enjoy life. Right now I’m investing mainly in VOO and QQQM and adding money weekly. Do you think this is a solid portfolio for the long term maybe for like 15 to 20 years, or should I add/change anything?
Any advice would be appreciated 🙏🏽
This is 100% my money from work, should i be investing more, and if so, in what? This is my mom’s account i’m using, should I switch? This might be naive, but why is everything red?
Will be adding $800 a month for the next 7 years. I am not worried about volatility, and don't need the money for 12 years. I am very bullish on ai/tech for the future, so that's why I chose not to diversify or add any international stocks.
For backround information, I'm 27 years old in the US Army with no debt. I plan on using 100% GI bill for college right after my remaining 3 year contract (ends may 2029), so I will live off of the MHA from the GI bill for 4 years (plus working summer for extra cash), and continue to invest $800 a month until I graduate. Then I will get a job and possibly invest even more after that 7 years timeline, but don't plan on taking any money out until at least 12 years from now. This plan is the reason I'm not worried about volatility in the market.
Is this the preferred channel for trader+ bug reports?
Trader+ marketing suggests it is intended to be the consistent platorm similar across the three supported platforms -- Win11, iOS, web browser -- but experienced customers probably realize that the innate capabilities of the platforms and their UI machinery will bias what each does best and upon what developers focus, and which get the most developer attention for marketing prestiege. The two apps run client side while the web server runs server side where all the large datasets and archived customer reports, statements, and history live, making the web the easiest place to facilitate looking for them.
The specific Trader+ accessibility bug: On fidelity.com, the Trader+ watchlist display overrides the Chrome/Firefox keyboard accelerators that nudge font size (Ctrl+ & Ctrl-) even though these work elsewhere such as in the option chain display (despite the table UI machinery appearing to be the same).
Hey all - An UTMA account was set up for me with my mom as custodian when I was a little kid. I am now 30 years old, but somehow the account was never converted and I am trying to get it sorted out. My mom and I are working to transfer the account over to me, but running into roadblocks. The broker through which the account was set up is now retired and the representative shows as "not designated" on all paperwork from Fidelity. No online servicing seems to be available for the account using either my mom's or my information to register. I have called fidelity, but they say they are not able to talk to me since the account was not converted. When my mom calls Fidelity, everyone we have reached is very confused about how this situation even occurred and is unable to provide a clear outline of what needs to happen. One person seemed to indicate I need to have a personal investment broker in order to access this account; I do not currently have that and am not inclined to get one unless it is truly necessary.
We will of course call Fidelity again, but I'd like to gain some clarity on what the process here should be since the folks on Fidelity's end don't seem to know. Can anyone outline the process? Thank you! I realize this is unusual.
Hello, I’m attempting to move the money from spaxx to add to a position. I get this message when I try. How do I enter a”sell order?”
Putting too much into an IRA is a common mistake, and, given the tax rules involved, it’s not something you should handle on your own. The good news is that Fidelity offers several ways to correct an excess and help get you back on track. Here’s what to know.
What counts as an excess contribution?
An excess contribution just means you put more into your IRA than the IRS allows, either by going over the annual limit or contributing to a Roth you weren’t eligible for.
Why do overcontributions happen?
What are your options if you overcontribute?
1. Return of excess (most common)
What it is: Removes the extra contribution, plus or minus any earnings.
Why choose this: You’re ahead of the tax filing deadline and want the cleanest fix that avoids the 6% penalty.
How to do it: Log in and request a return of excess contribution. Fidelity will calculate the earnings and losses for you.
2. Recharacterization
What it is: Changes a Roth contribution into a traditional contribution (or vice versa).
Why choose this: You contribute to a Roth, then learn your income is too high and prefer to keep the money in an IRA rather than pull it out.
How to do it: Log in and submit a recharacterization request before the tax-filing deadline (plus extensions). Note: In some cases, this step may be used in a backdoor Roth conversion.
3. Apply the excess to next year (less common)
What it is: Leaves the contribution in your IRA and counts it toward next year’s limit.
Why choose this: You’ve missed the deadline for #1 or #2, or you prefer fewer steps even though you’ll owe a 6% penalty this year.
How to do it: Report the excess on your taxes and apply it to next year’s limit. Work with a tax advisor to make sure this option is right for you.
Have you ever had to fix an IRA overcontribution? Share your experience or tips below.
First slide is my Roth IRA, Second in my daily investing brokerage. I’m aware that its a mess, I just watched a few youtube videos but I want to make sure I’m doing this right. (I know Im not) . Just want a handful of stocks for each account + diversity. Help!
The interface is clunky, slower and feels less responsive.
Before there were quick dropdowns to get to what you wanted. Now you have to go through "Tools" every time. It seems like it's designed only with very inexperienced traders and investors in mind.
I am a high net worth client and have been with Fidelity many years, but it really makes me want to move my money elsewhere.
The worst part is that there is no more consolidated directed trades window. Before you could do Directed Trade Stocks or Directed Trade Options.
You immediately got the L2 data and real time sales. Now you have to have L2 data open at ALL times. It doesn't come out automatically. Real time sales same thing. I only want those open when I am looking to do a specific trade.
On top of that, how do you get L2 and sales for options now? Do you have to open the chain every single time and manually open it every time???
That's a really bad experience.
New investor here, please be gentle.
Last summer, I opened a Managed Brokerage account and some CDs with Fidelity. I wasn't 100% sure of what I was doing at the time and likely made some minor mistakes. Now that I have a better idea of how I'd like to structure my portfolio, I'm trying to untangle things without creating unnecessary tax penalties for myself.
I'm looking to move away from the Managed Brokerage account and simplify to a self-managed three-fund portfolio. I just can't figure out the timing to make sure my current Managed Brokerage positions liquidate as long-term vs short-term gains.
Originally I thought I'd have to wait until the one-year mark of opening the Managed Brokerage account, but then I realized that the managed account is constantly acquiring new shares. My understanding is that this "resets the clock" when it comes to taxable short-term gains.
Also, I inadvertently made things a little messier by stopping my CD ladder and having a matured CD roll into the managed brokerage account earlier this year. The account manager immediately reinvested that cash into new positions.
Is there a way to suspend trading and get clarity on timing for a tax-sensitive transition from the Managed Brokerage to my own three-fund portfolio? I realize this may have to be done in stages as positions change from short- to long-term gains; I just want to avoid screwing up on the tax front.
Opened a Roth IRA last night on Fidelity and maxed out 25 contribution before I couldn't anymore. Now what do I do with it? Do I have to invest it before the 15th? And if so, do I just put it in like VOO? I have half my investment portfolio for my individual account already in VOO.
I contribute some money to my zero-balance Traditional IRA at Fidelity.
Question 1: Can I immediately transfer these money from Traditional IRA to my Roth IRA at Fidelity as a backdoor conversion? In other words, do I have to wait for a settlement of such money in Traditional IRA, and then backdoor conversion one or two days later?
Question 2: How to do the backdoor conversion from Traditional IRA to Roth IRA? Is it the following? Log in Fidelity.com desktop website --> "Transfer" --> "Transfer cash or shares between Fidelity accounts" ??
Thanks!
I have been using billpay for 20 years, it has been flawless up until now. I recently paid a bill to a major lender and received a note from Fidelity saying "we normally send these payments electronically but are mailing a physical check this time". No rationale or reasoning (and also only 3 days before the due date). I called Fido and they said they did not know why and they said they use a vendor to handle Billpay, nicely punting the issue. Long story short, we are at 6 days past the due date and no payment has been credited. I had to send another payment through the lender website so my credit score would not get dinged. I guess I don't have a question, just hoping this product does not turn bad.
I recently opened a Roth and have that funded for 25/26). I have money in a HYSA savings and would like to invest some of it for better growth above 3-4%. Can you recommend a good ETF that’s not super risky? I’ll still have emergency funds leftover in HYSA. Thank you
Please restore either the ability to download a QFX export or make your CSV an actual valid CVS without having to delete the disclaimer rows which are injected into it.
It is really outrageous that Fidelity is not playing nice with any of the data partners anymore for example YNAB which uses MX as it's partner has not worked for a long time because Fidelity refuses to allow it.
However guess what? Fidelity's own partner Elan (the fidelity credit card) allows you to download your history in a QFX file without issue directly from the Fidelity website (it handshakes with Elan behind the scenes). If your partner will do it why won't you?
And yes, I am aware that you have "added it to the feature request list" (something which was offered for a decade before). It has been on there for a year or more and is not happening.
When I opened ATP+ today, it told me about all of the great updates in 4.5.1. I was curious, so I looked at "about" in the "info (circle i)" tab and found I was still running 4.4.17. But the release notes, and a message to me, refer to 4.5.1. How come my copy wasn't updated? Is this a slow roll out?
I was trying out the fidelity rent vs buy calculator and it makes out at homes priced 1m, that's really low for hcol areas!
https://communications.fidelity.com/pi/calculators/rent-vs-buy/
Two things that would make Full View more useful:
On the new portfolio tab, I'd want to see an overall asset allocation, as well as total return.
Anyone else having a ton of issues with the order page? I am on Safari. Usually some pages are slow but usable. Lately some things just don't work, click Preview and it just pops a new empty tab open and navigates away on the original tab. Quite annoying!