How To Use Fidelity | Step By Step Tutorial
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- Опубликовано: 4 июл 2024
- Fidelity is a brokerage firm that provides investment tools and support to achieve financial goals, and in this video I cover everything you need to know on how to use the Fidelity Investments Platform. - Enjoy!
Fidelity Accounts To Sign Up (Not Affiliated, just love using Fidelity): www.fidelity.com/open-account...
Free Investing For Beginners Guide: dannysully.link/Investing101
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Resources:
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🎥 Relevant RUclips Videos 🎥
• Fidelity Playlist
• Money Market Funds For...
• Treasury Bills For Beg...
• Stock Market Order Typ...
• Roth IRA Investing For...
• How To Build Wealth In...
• Mutual Funds vs Index ...
• Top 6 Vanguard ETFs To...
⏰ Timestamps ⏰
00:00 Intro
00:19 Account Setup
04:20 Research Tools
06:35 Fidelity Funds
08:57 Portfolio Building
11:03 How To Invest
12:26 Portfolio Managing
15:01 Final Thoughts
What are some of the most popular types of accounts to use on Fidelity?
1. Retirement Accounts - Such as Roth and Traditional IRA's
2. Brokerage Account - Regular investing account
3. Crypto Trading - A newer feature to Fidelity
4. Saving - Fidelity Cash Management Account
5. Business - SEP IRA and Small Business HSA
6. Child - 529 and Youth Account
What are different ways to manage your account?
1. Fidelity Go
2. Fidelity Managed FidFolios
3. Phone-Based Advisors: $50k min
4. Dedicated Advisor: $500k min
5. Wealth Management Team: $10m+ total investable assets
6. Self-Managed
My Favorite Fidelity Funds:
1. Fidelity 500 Index Fund: FXAIX
2. Fidelity Large Cap Growth Index Fund: FSPGX
3. Fidelity Total International Index Fund - FTIHX
4. Fidelity Mid Cap Index fund - FSMDX
5. Fidelity Small Cap Index Fund - FSSNX
6. Fidelity US Sustainability Index Fund - FITLX
7. Fidelity U.S. Bond Index Fund - FXNAX
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Some of the links in this description are affiliate links that I get a commission from. Any commission helps support my channel and I would greatly appreciate it!
Disclaimer: This content is for entertainment purposes only. The information provided in this video does not, and is not intended to, constitute legal, tax or financial advice; instead, all information, content, and materials available on this video and on this channel are for general informational purposes only. The presenter is not an attorney, accountant or financial advisor. Viewers of this video should contact their attorney, accountant or financial advisor to obtain advice with respect to any particular legal, tax or financial matter.
Below is more free content I created that you may benefit from - Enjoy the video!
- My Fidelity Videos ruclips.net/p/PLL80XtVsEZjN7ichqUUvP54qpYQ4lVS46
- Money Market Funds For Beginners ruclips.net/video/TSOwPNnuJng/видео.html
- Treasury Bills For Beginners ruclips.net/video/L9eyh65_0YE/видео.html
- Stock Order Types For Beginners ruclips.net/video/HtTwal5Yzoo/видео.html
- Roth IRA Investing For Beginners ruclips.net/video/c6PYuGZ8-dc/видео.html
- ETF Investing For Beginners ruclips.net/video/jQkFOJ5jvaw/видео.html
- Mutual Funds vs Index Funds vs ETF's ruclips.net/video/_Oz_l3GQxhU/видео.html
- Top 6 Vanguard ETF's To Build Wealth ruclips.net/video/i56TU3Dmnv8/видео.html
Sign Up Bonus Offers:
💎 SoFi High Yield Savings Account ($325 Cash Bonus): dannysully.link/SoFi
📈 Get $60+ Free Stock on Webull: dannysully.link/Webull
📊 Get $100 Free Stock on M1 Finance (Min. Deposit: $10,000): dannysully.link/M1Finance
💰 Get $200 Bonus on Coinbase: dannysully.link/Coinbase
💳 My Favorite Credit Cards (Sign Up Bonus): dannysully.link/FavoriteCreditCards
hello, how do i sign up for the investing 101
How do you choose REIT’s and stocks in Fidelity?
HI Danny, for a beginning college student this was super helpful! I love how you included random small tips, I took note of them all and will be using them for both my Roth IRA and brokerage account. I was about to give up on my Fidelity account and just have it managed but with your video and tips I understand a bit more how to use the tools that are already available to me. Thanks so much!!
Hey! That's great to hear, thank you for letting me know. I'm happy to hear you're taking action!!!
I'm a newbie and learning a ton from your videos / content!! Thank you, Danny!
I'm glad to hear that, thank you!!!
Appreciate the help, man. Gunna do my best with what you're showing here.
Subscribed
Of course, I’m really happy to hear that! Thank you!!
Great video bro. Easy to understand, a lot of great info, very well done.
Thank you! I really appreciate that! :)
Hi Danny,
This video was super helpful for a beginner like me! I really appreciate all the time and effort you put into it. I have a Fidelity IRA account and am trying to learn more about the "positions" page because the chart is really confusing to me with all the percentages. I can't even tell what my return has been on my account. 🤦♀ I think a video about the positions page and the overview, dividend view, and fund performance tabs would be so helpful for this!! Thanks again!
Hey Meredith, thank you so much for your kind words and for watching my content! I will do my best to create a more detailed type of video as you suggested. Are you speaking in terms of the app or website platform?
@@DannySully The website platform. Maybe just a very basic video on how to track how your portfolio is performing over time! Thank you again!!
You are really doing something useful.
Danny if you don’t mind my question is about the percentages like what does that mean exactly like from my point of view it’s like if invest a 1000 I put 50% there and 10 there 11 there is that correct or
Thanks for this Vid Danny! I have a question! I already have Fidelity set up and have mutual fund invested! Do you really recommend doing ETFs or should we stick on just one retirement (Roth) account.
Hey! Thank you for your kind words, I appreciate your support! To answer your question, etfs are best for taxable accounts and my personal opinion mutual funds for non-taxable. If you have mutual funds in taxable accounts you will be charged taxes even if you don’t sell the fund. It it truly up to you and I can not give you financial advice but I say what I have said based on facts and tax saving considerations. You also only need one Roth IRA. Simpler the better. I hope this helps!
Hello Danny, thank you for this video, I love it! I have a question and I would be grateful if you could help me. Is there any way to compare funds? I want to compare some index funds with actively managed funds. Thank you
Hey there, thank you so much for your kind words, it means a lot to me! As far as your question, there are multiple ways you can do this and it definitely comes in very handy. Below are a couple options you may be interested in using.
1. My favorite and only one I really use for this is Portfolio Visualizer:
Direct link to compare specific funds: www.portfoliovisualizer.com/fund-performance#analysisResults
Direct link to see the historical performance of an ideal portfolio you want to build: www.portfoliovisualizer.com/backtest-portfolio
Note: If this doesn't suit you well enough, below are a couple more options to try out instead (all free).
Vanguard: personal.vanguard.com/us/funds/vanguard/compare?navigatingFrom=5
Financial Times: markets.ft.com/data/funds/us/compare?search=fxaix
I appreciate you for watching my content, hope this helps. Thanks again!
This was a great video. Quick question; is there a way to track your dividends in the fidelity app where you see what’s coming in each month and annually?
Hey great question! So from my experience, the computer's layout is way easier to view but you can get details on dividends on the phone as well.
1. Go to the home tab.
2. click on the account you want
3. click on activity (middle of screen with right arrow)
4. Under history, click on "all transactions"
5. from there you can select dividends/interest
6. you can also change the time period for when it was earned to check.
7. you can also search specific investment.
Other approach:
- you can look at your tax forms which will be a bit more confusing to look into but can give you a better idea on how things are being taxed.
1. click top right account
2. tax forms.
3. consolidate form 1099
Hope this helps! :)
Such a helpful video!!!
I'm glad to hear that, thank you!
Hi Danny. Thank you so much for your free content and making it readily available to individuals like me who lack financial literacy. I apologize if this has already been asked and feel free to point me to a video, but how might your video suggestions change if someone is working with a traditional/rollover IRA account on Fidelity? At about 13:26 you mention not using particular feature on a taxable account which I assume is referring to the 401K/Traditional IRAs. Thank you again for not gatekeeping information and sharing the wealth (of knowledge--that is!).
Hey! Thank you for watching my content. Your support means a lot to me. As far as your question, I just mentioned how ETFs are more tax efficient, giving you more control over your taxes. This specifically refers to accounts you have to pay taxes on every year. With mutual funds, you will have taxes triggered without even selling your fund. ETFs usually do not since they are structured differently. A thought to consider and research more before purchasing. I have mentioned this in multiple videos and will eventually make an entire video on the concept. I hope this helps and thanks again for watching my content!
Very helpful video on how to navigate around the Fidelity site. I’ve had FFNOX in my Roth IRA since 2015. It’s a pretty diversified though not has stock heavy as your example. It even has FXAIX in it.
Thank you! And that's great, holding long for the win!
Thank so much very Helpful to me to try to learn .
THANKS
I'm happy to hear that, thank you!
Can you have your stock positions and bond positions displayed separately like on different pages?
Thank you! This is great! I just opened up accounts on Fidelity and this was super useful as I'm a TOTAL n00b at this stuff... lol..
Thank you for your words, I'm glad to hear this!
Very helpful. Just subscribed ❤
Thank you! :)
super helpful! Thanks!
Of course! Thanks for watching!
Hi Danny very thorough info and content for beginners like myself. Thanks for your help. Blessings
Thank you so much for your comment, that means a lot to me!
Thank you for all the great info. I’m trying to learn how to navigate Fidelity and my Simple IRA. The money automatically goes into an account that earns no interest. When I try to move it to an EFT it makes me chose a plan and there are four choices. Not of them say I’ll do it myself thank you. Vanguard was so easy to learn and navigate
Hey! So when you transfer money it will go directly toward your account. If you have a money market fund like SPAXX set up, you will earn interest on any cash sitting. If that's not set up, I would get a money market fund as your core position. What are the four EFT options you are stuck on? If the account is self managed you should be able to control everything yourself! I hope this helps.
@@DannySully thank you. Turns out I’m so lost I now have the ira set up with nothing going into it (it’s like pulling teeth at work to get the overworked manager who does everything to start it), and a separate account which I thought I had to put money into. It is the SPAXX. But stays at $0 day after day. The fidelity guy I called said the interest goes in once a month (?) Not at all like vanguard that was so easy to learn
Kudos for the video, man. I liked the SPEED! :))
Not that I learned anything new (I am a seasoned investor, and my acnt w Fdty goes back to 1990…), but I actually searched online what is that “investment” left bar category Fidelity added recently; so I guess I have to call them (Yeh- I rather spent 20 min searching online than calling anyone and wait for a rep with the background music on…)
Overall, if more young people like you would have put the effort to learn (and actually invest) the financial system, we will all be much better off :)))
Thumbs up
Hey! Thank you so much for your kind words. That is really appreciate and goes a long way. Thank you very much :)
Does it affect your personal finances if you lose stock
Ok, so I just created a general brokerage account on fidelity to get started. However, it seems to be completely useless as the app claims I cannot deposit any money through checks or an electronic transfer. Would a Fidelity GO account allow electronic transfers or is there a better account for someone who is just dipping their feet?
Hey i'm unsure about your concern through the app. Have you been able to try this through the computers platform? Additionally, I would also recommend reaching out the fidelity's customer service through their phone number. They do a solid job helping out. Hope this helps and sorry for the late response!
Hi Danny... Your comment that you buy Mutual Funds in your Roth and ETFs in your regular brokerage account got me thinking. What about Roth vs a RolloverIRA (from on old 401K). Do you still prefer Mutual Funds in both types of IRAs? Thanks!
What are your thoughts on target date funds? Just set it an forget it? Starting to learn , want to up rollover an ira with fidelity
Target date funds are great for a majority of investors that want to set and forget without the need to research or control much of the portfolio. I personally avoid just because I like having more control over my portfolio. They also have higher expense ratios than index funds and over the long term for me, I'd rather do my own through index funds. Comes down to personal position and preference.
Danny, I know this can be a pretty vague question. But what if I'm to keep this portfolio you have recommended for 10 years. Would you recommend to keep an eye and try to sell when is high and buy when is low, or just keep it in there and let it grow until when i can take out my gains which will be for my retirement.
Thank you! I have learned a lot in your playlist and just went ahead and created my portfolio based on your info!
Hey! Thank you for watching my content and your kind words.
In regard to the portfolio, I personally prefer to avoid changing positions unless need be. I definitely recommend researching and understanding what you are about to be buying before you do and think of it in the long term perspective. Lastly, I would avoid timing the market with buying and selling at certain points. In the end, it is less likely to work out in your favor.
Hope this helps and thanks again!
Thank you for the free content! I watch all your videos! What do you do as a full-time job ?
Wow, thank you!! That means a lot to me. And currently I am in grad school getting my MBA in finance. I also work as a research assistant for a professor at the school. My undergrad was Mechanical Engineering and I also play college basketball. Division 2 at Embry Riddle!
Hi Danny, Thank you so much for your easy to understand tutorials. I wish I had come across your postings before I retired three years ago. I am 67 years old now a baby boomer with a novice knowledge in investing and am trying to find more ways to put some of my money where I can earn a little bit more than in bank savings account. Your videos has motivated me to use fidelity but need help from you in tailoring my investing plan. I know only a little about index funds. A large portion of my money is in an annuity index fund but I want to try on my own to invest instead of relying on commissioned agents. Is it possible if you can give me a sample draft base on my age to start with fidelity? I appreciate any feedback you can give me. Again thank you for all the free info you are sharing with all the public. God Bless you🙏👍🏻
Amazing video, hey one question what about the incontax?
Thank you! And every year when you file taxes you are going to get a 1099 form through Fidelity automatically created for you. It is located from clicking the top right on the app where it shows the account and then click tax forms. On the computer, hover over accounts and trade and then near the bottom it says tax forms. Hope this helps :)
Thanks for the video. Recent retiree and looking at both Fidelity and M1 Finance. I will be a self directing at both. Any thoughts? Pros/cons? Thanks in advance.
Of course! Thanks for your comment. I also have self directed on both those platforms. I really like Fidelity and wish I was affiliated with them. I've always liked their platform. As far as management, if you spend the time or have experience to know what you're investing into, self directed and avoiding extra fees to me is the better financial decision. For any retirement accounts I do recommend Fidelity. For other creative portfolio/investing I would try out M1 and see if you like it. Another one that's nice with a high yield saving account that I like is SoFi.
I currently have Robinhood and I’m thinking about changing to Fidelity is Fidelity similar to Robinhood? Do I link my checking account number with Fidelity and transfer money into my Fidelity account from my checking
Hey! I'm glad to hear that. I love Fidelity and wish I was affiliated with them. I think it is much more professional and overall better than Robinhood and many other new ones. Great place to have a retirement account like a Roth IRA as well (my opinion). And yes, that is the approach I use to deposit into my account.
I don’t have ssn , how can find you
I love the way you explain it so clearly and simply at the same time. I have a question, how do I know what to invest in a Roth IRA and in a traditional account?
Thank you! That means a ton to me! And there a few ways to set up your account. But if you decide to invest on your own control, you would have pick select investments that interest you. For example, an S&P 500 fund or any other ones that interest you. Also be you mentioned both IRA's, I would recommend checking out this other video i created: ruclips.net/video/zCTHuIwKEO4/видео.html
need some help brother i have an account and it's the account i have in the portfolio how can i use that money
My question is can you add money to investments already purchased? Or would that be a new purchase? I hope that makes sense as I’m so new to all of this, thank you for this video it has helped
Great question! So the investment you would have already purchased can be seen in your positions tab on your account. To get more of that investment you will have to create a new purchase. Once the purchase goes through, it will add the amount bought to what you already have owned. For example, 1 share of apple owned 2 months ago. Buy 1 share of apple today. Your positions will now show 2 shares of apple that you own.
Since you are new, you may benefit from a different fidelity video I created. In the description you can see a timeline for different sections if you want to skip around to what you prefer. I hope this helps you out! Thank you for watching my content and glad to hear you are getting started with investing :)
ruclips.net/video/Phasm132FOk/видео.html
I just wanted to know how the app works, if its worth it.. and how to sign up and stuff.. this overwhelmed me. Just stocks.
hey how did you get to that recurring transaction page that popped up at 13:56. And thanks for this video!
You have to hover over accounts > then transfers > manage recurring transfers > and then schedule a new transfer. Thanks for watching and for your feedback! Hope this helps :)
@DannysMoneyTalk Many thanks, Danny ✌️
Is it allowed to use fidelity from other jurisdictions than the US, in my example Germany?
You can not open an account if you reside outside the US.
I just bought my first stock on fidelity and immediately lost $4😅😢
Only if you sold!!!
^^
That just means, buy more stock while it's cheaper and wait patiently as it grows in value! Loses don't necessarily mean loses in the stock market.
AI stock?
@@audiolego Yeah but I'm still holding it.
Hi Danny, do you recommend new beginners to do Fidelity Robo if they have no investing knowledge ?
Hey great question. That comes down to a personal decision. For me, I say no because I love to learn about where exactly my money is being invested and have complete control over it. I have many videos that contain information that can help and there are many others on youtube to learn from as well. But if that doesn't matter to you, it would save time and may be the easiest approach to take then. Hope this helps!
@@DannySully Thank you so much for your input and reply
Thank you for these videos your descriptions and directions are clear and easy to follow. I’m 23 from Maine and decided I need to do more with my earnings if I’m ever going to own a home. I have a privileged situation, I live with my parents for just 200$ a month which leaves me with a lot of options to save and grow my money. Any tips or advice would be greatly appreciated.
Sounds like a great position to be in! In regards to what to do with your money, I made many videos on these kind of topics, but starting with something simple like a S&P 500 index fund may be a good start for you. I would just avoid anything related to trying to time and play the stock market.
Hi Danny. So if I have multiple Fidelitiy RO IRA, can I transfer one RO IRA to the other RO IRA? Just trying to consolidate.
Hey great question! Yes you can, and if you have troubles you can call in for assistance as well. They have a good customer service.
I am new to your channel, so I am no sure if I am right. It seems to me that you opened an Roth IRA account with Fidelity and you use this account to invest, is that right? I want t open an account, and I am not sure which account type I should open with Fidelity. In your case, why do you use an Roth Ira account and from it you make all your investments? For beginners it seems too confusing. Fidelity offers several types of account, which ones a beginner should choose to start to invest? If you can respond me with details that would be wonderful. Thanks so much!
Hi there! That is correct I manage my own investments on my roth ira and that is a personal choice. As I mentioned in the video there are a few ways you could have fidelity manage for you if interested. If you are someone interested in that, that is your choice! I can not say exactly which one to choose. You may want to call there customer service and ask if this interests you. They have a good support team! I hope this helps, thank you for watching my content. If there's anything else I can help with shoot it my way!
Great video. I think I’ll start with fidelity and I’m 15. What do you think I should do in terms of index funds?
Thank you so much! And nice, that is great! As far as investments I can't say exactly but I think you may find value from this other video I created on Fidelity Index Funds: ruclips.net/video/7GbwUx_Pmus/видео.html
If you are using a taxable account check out this video that include vanguard ETFs: ruclips.net/video/i56TU3Dmnv8/видео.html
Both videos above are more aggressive index funds. Below is a video if you don't understand the difference between mutual, index, and etfs.
ruclips.net/video/_Oz_l3GQxhU/видео.html
Hope this helps and let me know if you have any questions! Thanks :)
@@DannySully do you recommend vanguard over fidelity?
@@buddhathesquirrel7420vanguard is better for etf ,fidelity better for mutual funds(close to 0 expense ration )
Hi Danny, Is there anything in specific that I (retail investor) need to be aware of before accepting the "real time quotes fidelity subscriber agreement" other than i shouldn't be using the market data for business purposes. The subscription agreement is 12 pages, so just making sure there isn't anything that might get one into trouble by accepting it. Thank you!
Subscriber agreements are legal contracts or terms of service that outline the rights and responsibilities of the user (subscriber) and the service provider. In the context of real-time quotes, a subscriber agreement might detail the terms under which a user can access and use real-time market data provided by Fidelity.
Fidelity is one of the largest brokerage firms there is and there should be no harm accepting this. It is legal terms for the information they publish for you to receive and "use". I'm not a legal advisor so you must do your own research. Thanks for watching my content, it means a lot!
@@DannySully Thank you! That helps 👍
Hello Danny, great video. I was trying to buy some SPAXX but i need to change the position on my core account, how do I do that safely
Hey! I’m glad you ask because I’m finishing up a video on this topic very soon! You will need to go to your position tab and click on your core position and you’ll see the option to “change core position”. I recommend the web for easiest display but it shouldn’t be too difficult. Please let me know if you get stuck! Thanks for your kind words, I really appreciate it!
@@DannySully thanks for the prompt response... só i can change the core position to Roth ira or SPAAX directly. Thanks again
Hi Danny I’m trying to start investing and when I want to make an order it’s says security types, so what that means?
Hey, so that just means what type of investment you are getting into. It may be a stock or mutual fund for example. The easiest way to go about this is to just search the exact investment you want on the top right of Fidelity's platform!
Thanks for the video! One question I have is whether you have a video or can make one explaining how Fidelity reports the Expense Ratios on the Fees tab for a given fund (from their NetBenefits portal). I am confused at why there are sometimes two or three values listed (gross, net, and something else I've forgotten), and I cannot tell if I should be adding them together (which in some cases would make an appalling ER) or if somehow the two below the one on top are breakdowns of the number above (however if that is the case the math doesn't always add up and match). From what I've read the 'net' value is what I actually pay. But I want to make sure.
The net expense ratio you see is the cost after waivers, trading costs, and reimbursements are factored in. This is what you actually end up paying. I would not worry as majority of these are very close and if you stick to index funds these should also be very low compared to active ones. You also do not need to add these together. Hope this helps :)
@@DannySully Thank you. I found an example of what I was thinking of which I still am puzzled at. Fidelity's stock fund DOXGX has four things under "Expenses and Fees":
Exp Ratio (Gross): 0.46%
Exp Ratio (Net): 0.41%
Contractual Exp Waiver (Dated) : 0.05%
Management Fee: 0.45%
The Net and Wavier value equal the Gross, I see. But where is the Management Fee coming from and why is it 0.01% less than the Gross?
If you have money in spaxx and dont have an ira roth and you buy an index fund it gets taxed?
what are you thoughts on assets to be held in a taxable account? I've maxed out my 401k and IRA (both target date funds). I've just been doing VT and chill for my taxable investment account. Thanks.
Hey I can not say exactly for you, but I for taxable accounts the first understanding is to use ETFs over any type of Mutual Funds. Thereafter, it is truly whatever makes you comfortable and satisfied to hold long term and not even think to sell or change positions. From my experience, index funds provide me additional guidance to not buy/sell often and i've noticed over time that has been what works best for my money to truly grow and build the wealth everyone talks about. I also believe having a plan for yourself and a range for how much allocation you want toward each sector or type of security is important. All in all, understanding where your money is invested and your position to relieve stress, enjoy life, and have a portfolio that works for you and not vice versa are some of my thoughts. Hope this helps! Thanks for following my channel :)
I wish there was target date funds specifically for Taxable accounts. Would be marketed for the lazy investors like me :) @@DannySully
What comes with your Money Talk membership Danny? I have a Fidelity portfolio and would like to pick your brains on some of my Index funds portfolio, my 401k and ROTH IRA portfolio
Great question! I provide a PDF every month that shows an update of my entire portfolio (Including visual aids that show specific allocations of investments, markets, etc.) You can see the a list of all my specific stocks, index funds, crypto, etc that I own.
In regards to specific questions, I can help inform you on reasons why I have a specific investment or not but I can not tell you what to buy or sell. I just can't tell you what to do financially.
I also send emails throughout the month on any large financial changes and more private lessons/thoughts I have to share.
Hope this helps!
Hi Danny! You have a subscriber in me! I am a beginner. My current company is offering 401k option with fidelity. What other options do I have that you would recommend for someone starting in this journey and wanting to invest outside of 401k-- open a Roth IRA with fidelity? Invest in index funds…
Another question, apologize, - you say there is a limit in IRAs, what other option are there to invest if the total income passes the limit?
Hey! Thank you so much, that is great to hear! I personally love my Roth IRA on Fidelity. And I do have index funds. No worries about the questions, I love to help as much as I can! Besides Roth IRA, dig into some research on HSAs. Very important to take advantage of as well.
Question or if you can make a video!
Can you talk about how much it cost to buy in sp500 on fidelity?
I just started and put $100 on the app and it thought I could just buy with that (to start)
Hey Melissa, you should have been able to purchase $100 of the sp500 if that is what you wanted. There should not be a restriction on the amount you can by. Were you ever able to purchase the fund? Thanks for the question!
Thank U!!!!!!
Of course!!
You said you buy Vangaurd ETF's are you buying on Fidelity or directly on Vanguard? I am new to these platforms but not sure I need a Vangaurd account too. Love to hear what you do ?
You can buy Vanguard ETF's on pretty much any platform. I have Vanguard ETFs in my Fidelity account! Hope this helps :)
I am a beginner. I want to put my investment Roth IRA on Fidelity, but I dont know which one is the best.
What is the main difference between Fidelity zero and Fidelity large cap or small cap?
Hey great question! Because there is so much to talk about with that topic I have created an entire video in great detail comparing those funds to fidelity's regular funds. I highly recommend you check out the video attached below. ruclips.net/video/n3Zk35p8Lvg/видео.html
if not interested, overall the returns are very similar and it comes down to a personal preference for the most part. Hope this helps and thanks for watching my content!
If you have any questions, feel free to shoot them my way!
Can you create a video outlining step-by-step options one can take if they feel an index fund they're currently invested in isn't performing well?
I can add that to my list to work on! It is very specific but I think I could include it in a video for further explanation.
Thank you !
I noticed these funds are diff from your video I used for last year: Fidelity Index Funds For Beginners | The Ultimate Guide. I'm still new and decided to sort of "blindly" follow them to just get started, then fine tune my own choices as I learn more. I was wondering if you could provide reasoning for the changes, and also, how to eventually change what you're invested in or rebalance it year to year? Thanks!
Great questions! Certain changes could be due to simplicity, aggressive investing style for future results, or just personal preference based on my own position and/or what I felt the average viewer could benefit from. In regard to changing your positions, I personally track all of my investments through a spreadsheet (private newsletter) and that allows me to get a feel for changes I want to make when the time comes. FYI, I don't change my positions, at least as far as selling positions. I prefer to buy what I think I will want long term.
Hi Danny, I currently have a 401k through my work from vanguard that is investing in a retirement fund. But I also want to start investing on index funds with Fidelity-primarily to save for retirement. Is it recommend to creating a brokerage account or a Roth IRA account?
Hi there, great question! I can not advise what you should do but if it is for retirement purposes that you are planning to do for the long term, then a Roth IRA is a great approach to take advantage of the tax benefits. Based on that, I think you may find value from a Fidelity Roth IRA video I created, which I'll have the direct youtube link below. Thank you for watching my content and I hope this helps :)
ruclips.net/video/jH1rJa4RRp8/видео.html
@@DannySully Thank You Danny for all the information you provide. Your informational videos definitely give me the comfort and confidence I need to move towards investing for my future.
What stocks are good to use for my first $500 to invest on an active individual brokerage account with fidelity not a retirement account necessarily, but just to build wealth
I can not say for you. But here is a video that contains some of my favorite vanguard growth ETFs that may interest you.
Excuse my ignorance but I don’t know anything about investing. I just opened a brokage account a week ago. Do I have to do anything else with it like, buy /sell or whatever. Or is it already doing all that automatically? I only opened it with $50 because I have no experience. I see it’s $50.01 now. I also opened an index fund account with $200. And the other question is when do I see if it made or loose money. Sorry for being so ignorant of all this. Any answer is appreciated.
Hey no worries! So when you open an account and deposit money, you have to then purchase the investments such as index funds or individual stocks yourself, etc. There are ways to set up automatically to do this going forward as I mentioned in the video but as you first create the account you have to buy / sell on your own until you set up automatic transfers, etc. To tell if you made or lose money, if you go to the positions tab, you will see the returns that each investment in your account has performed and whether the value has gone up or down. From there, you will see the entire account value and that is how much you have based on all of your investments. I love the questions and hope this helps! Thanks for watching :)
hi Danny, is Fidelity a good place to start stocks?
That’s a personal choice and decision but I do think so and I like them a lot!
i fw this foo hard
What does this all mean when it comes to tax time? Is it counted as income? Passive income? I hold my IRA's in my work 403b so will not use fidelity for that, but for the stocks and funds etc. How does this all play out when you file?
In a regular investing account, stocks are subject to capital gains taxes when they are sold at a profit. The rate of taxation depends on how long the stocks were held: short-term for assets held less than a year (taxed at ordinary income rates) and long-term for those held longer than a year (taxed at reduced rates). 0 15 and 20% depending on the bracket. Hope this helps!
Made my first traditional IRA yesterday Through fidelity. What would say say should be my first move? All this stock, trading and investing is very new to me. Any tips or suggestions? I greatly appreciate it.
I can not give financial advice, but I highly recommend watching some of my other content if you are new. I have made many beginner videos I think you will benefit from. For starters, you mentioned traditional IRA, I think you may benefit from this video: ruclips.net/video/zCTHuIwKEO4/видео.html
Besides that it sounds like you are new to investing so my stock market playlist may really help you out: ruclips.net/p/PLL80XtVsEZjNEqjqxToAzGHSwvPpWFaD6
You are definitely doing great things taking the time to learn and take action for yourself. Keep at it and thanks for your comment and for watching my video. I appreciate it a ton!
Fidelity is asking me for type of account, which one should I get to start investing?
That is a personal decision. This video I created may help you out more. ruclips.net/video/Phasm132FOk/видео.htmlsi=Xv9Xoa1Dl-P61jFx
Thank you Danny for your Fidelity content!! 🙏 Quick question: at 11:31 when you are buying fxaix: it says your cash available to trade was 4 dollars, but you were able to purchase $500. How does that work? I think I'm missing something 😅
Of course Molly! Thank you for watching my content, I hope you are finding value from it! As far as your question lol...I actually didn't end up purchasing it. I did make it seem as I did purchase so sorry for the confusion. But the process I showed is how you do it. Although... I would love to purchase $500 of stocks for $4 hahaha.
ahhh makes sense! thank you :)@@DannySully
What’s the min amount of money I can invest in. Can I transfer a previous Roth IRA and invest those funds ? Thanks :😅
Where exactly are you trying to invest? The Roth IRA currently has a max contribution limit of $7,000.
This is so complicated 😢 thanks for trying to help me understand but I’m still confused.
If you have any specific questions let me know! I will try to help :)
Ikr not even the advisors give you straight information its got me believing this is all a bs scam tbh
🚀
🔭
Any info on how to invest ?
On fidelity specifically? or how to invest in general?
@@DannySully how to Invest ,
I made an account but it won’t let me add funds…
Can you please do a video on Fidelity Crypto?
I will add that to my list, great idea!
Thanks for sharing this step-by-step on Fidelity! If you're up for a new adventure, why not explore crypto for retirement? My Digital Money makes it super easy to get started and secure those long-term gains.
13:35
why FIDELITY? IS IT BETTER THAN VANGUARD AND THE OTHERS?
Fidelity is my personal favorite. Overall display and professional experience with them. Vanguard etfs are my favorite because of the options they offer and overall historical performances. I use a couple others like sofi but fidelity is my top.
I invested 1000. I don't want to lose my money. What should I do ????
Understand where you invest your money, make sure it's diversified, and don't bring emotions into the game!
I think you meant 1946.
I did! I made the mistake and realized it after🙄😅
CAN FREELANCERS DO THIS? ROTH IRA?
As long as the money you contribute is properly taxed you can do it.
Dude, you talk way to fast in this video...slow down.
You can adjust the playback speed of the video
I WISH YOU WOULD SLOW DOWN, ALL I WANT TO KNOW IS STEP BY STEP HOW TO PLACE A TRADE.
YOU SOUND LIKE A ROBOT 🤖, YOU ARE WELL VERSED BUT SLOW DOWN
Fraud app fidelity
talk too fast................... NO HELP AT ALL . What is your rush????
How can I contact you? cuz I want to discuss about a business with you
Does it affect your personal finances if you lose stock
yes