Fidelity Investments Platform Review For Beginners: Fidelity is one of the largest financial services corporation in the world and in this video I cover an overall review on what you need to know before getting started with Fidelity’s Investments Platform.
Fidelity Playlist
⏰ Timestamps ⏰
00:00 Intro
00:31 Retirement Accounts
02:11 Fidelity Cards
03:28 Investor Centers
04:25 Mutual Funds
05:55 Screener Tools
07:29 How To Buy/Sell
09:01 My Opinion
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📝 What is Fidelity Investments?
Fidelity Investments is a multinational financial services corporation that is one of the largest in the world by their total assets under management being more than $10 trillion. Fidelity is known for operating a brokerage firm, managing mutual funds, retirement services, wealth management, and many more.
Fidelity offers different types of management for your accounts that include:
1. Self Directed – Where you have complete control over your investment decisions.
2. Managed Account – Fidelity offers the ability to have a professional portfolio manager make investment decisions on behalf of the investor.
3. Robo-advisory – This is known as Fidelity Go, which provides automated investment management. To take this approach you need to fill out questions that relate to your goals, risks, and timelines which the account will create a portfolio for you.
Fidelity Retirement Accounts: Fidelity is a professional brokerage firm that offers many retirement accounts for you to access. Some include: Traditional IRA, Roth IRA, SEP IRA, 401(k), 403(b), etc.
Fidelity vs Vanguard – One of some differences between these two companies is their minimum required investments for mutual funds on their platform. Fidelity has a $0 requirement while Vanguard’s is $3,000.
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Disclaimer: 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….(read more)
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As someone new to the investment world, finding a brokerage firm that offers a user-friendly platform and reliable service can be challenging. However, Fidelity Investments is a well-known and respected financial institution that boasts a beginner-friendly platform designed to help investors make wise investment decisions. In this review, we will take a closer look at the Fidelity Investments platform and determine if it is a suitable platform for beginners.
Fidelity’s website is designed to provide investors with comprehensive market data and investment research tools. Its homepage has a clean interface that allows users to navigate easily between accounts, research data, and their trading platform. Investors can view their account balances, positions, and transaction history all on one page. The platform provides real-time quotes and interactive charts, which is helpful in tracking trends and making informed decisions.
Fidelity also offers a mobile app that helps investors manage their portfolio while on the go. The mobile app is user-friendly, and investors can complete trades or access market data with ease and a few simple clicks. The platform’s interface is well-designed and intuitive, which makes it easy for beginners to navigate.
One of the major advantages of using Fidelity’s platform is the vast array of investment options that it offers. Investors can choose from a wide range of investments, including stocks, funds, bonds, options, ETFs, and precious metals. Additionally, Fidelity offers its clients a range of mutual funds, including those managed by Fidelity Investments. It is one of the few brokerage firms that help investors access Fidelity’s proprietary mutual funds.
The educational resources provided by Fidelity are also noteworthy. The platform offers a range of resources to help investors learn the basics of investing. All educational materials are straightforward and presented in a manner that is easy to understand. Investors will find resources to learn about growing their wealth, retirement planning, market data and insights, and much more.
The brokerage fees of Fidelity Investments are also competitive and affordable. It charges no account maintenance fees or annual fees, which is a plus for beginner investors working with a limited budget. The company charges $0 for stock and ETF trades and $0.65 per options trade. For mutual fund trades, there is no fee to buy or sell when investors buy from Fidelity’s mutual fund families.
Finally, the customer support provided by Fidelity is exceptional. It offers 24/7 phone support, email support, and live chat support for clients. Additionally, Fidelity has branches in several locations across the United States, which provides in-person support for investors who prefer face-to-face interactions.
In conclusion, Fidelity Investments provides an excellent platform for beginner investors. Its platform is user-friendly, offers comprehensive market data and resources, competitive fees, and exceptional support. The vast array of investment options is sure to satisfy almost all types of investors, and its intuitive interface makes it easy for new investors to navigate. Overall, Fidelity’s platform is a great choice for beginners who are eager to start building their investment portfolio in 2023.
Fidelity = Best broker for those that don't travel and want to long-term invest. Roth IRA, Traditional IRA, SEP IRA, HSA, DRIP, fractional shares for ETFs, and lowest expense ratio index mutual funds for IRA/HSA in the business.
Also, a 2% flat credit card to add more money in your favorite account.
Always look forward to your videos. Thank you so much!
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