Fidelity go fees reddit. 65 (a buy to close order for a contract valued less than $0.
Fidelity go fees reddit As far as the 0. 35% for $50K and For 3 years, my fidelity go account has been growing slower than the sp500 index fund. Here are a few of the best features available on Fidelity Go: Fee-Free Mutual Funds. Is Fidelity really all that great? The no fees, no Since we can't provide any financial guidance or advice for you here on Reddit, I will go ahead and label this post as a Discussion so the rest of the community can jump in. What are the benefits of advisor vs the robot advisor? As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Their fee is 0. There’s no fee of I use Fidelity Go, have been for about 4 years and have been satisfied with the performance. 35% fee charged by Fidelity Go may not seem like much now, but years from now when you have a good amount of investments, it adds up As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. (zero expense ratio funds) will be liquidated Fidelity does not charge a management fee for Fidelity GO accounts under $25,000. I have that cashback redeemed into my Fidelity Go account. The following are the advisory fees it’ll charge based on your account balance: Under $25,000: none; $25,000 and over: 0. We have updated the Fidelity Go pricing, and I am happy to go over that with you! Fidelity Go offers tiered pricing based on your account balance. Wealthfront's portfolio may or may not outperform your DIY portfolio. Nope. 35% per year. Goal: To purchase my first house in 3-5 years. As for fees, I've never been charged one for using Fidelity's services. Fidelity Go does not aggregate accounts to calculate advisory fees. Fee wise though, divide $5 by how much you've I have a Fidelity credit card that gives me 2% cashback. Looks like they primarily use Vanguard products. These funds come with no annual fees. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. and carry between 2-10m at Fidelity. I don’t plan to withdraw until retirement in 40+ years. I'm fee adverse and am thinking maybe I go with Fidelity Go. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. 35%) or is there a better option for me? Do you have a Fidelity Go account? I'm inclined to open one since they don't charge a management fee for assets < $25K and use only zero expense ratio index funds while doing all the investing work for you. There are no fees for the standard Roth, where, as you mentioned, Fidelity Go account starts charging after you hit $25k in the account. 35% that includes both management fees and investment expenses. You could test the waters on Fidelity and see how you like their platform. The Fidelity Go performance over the life of the account (8/16/19) is at 2. What are your thoughts on Fidelity GO? I opened it this year when I knew zero about investing just to get my money in the market but I’ve learned a lot since. As long as the assets go to the same type of account (like Roth IRA to Roth IRA), this is not a taxable event. 35% per year; Aside from that, there are no additional fees. These funds cut costs by sampling and by using a Fidelity index. 25% fee, but known for having the best tax loss harvesting algorithms for accounts over 100k in value Betterment - higher fees for lower value accounts, but lowest fees at 100k+ value (0. Contact us. Fidelity remits the fees to certain self-regulatory organizations and national securities exchanges, which in turn make payment to the Securities and Exchange Commission (SEC). You pay . 35% fee for accounts over $25,000. but I didn't want to pay a 1% fee to possibly get back 1% in after-tax returns. If Fidelity is using SMA sleeves, you are getting more active oversight/mgmt than a strictly buy and hold 60/40they are tilting your portfolio slightly as the economic cycle rotates. Hi there, u/joernesto! The trading commission for options at Fidelity is $0 for the trade + a per contract fee of $0. Although I kind of question the wisdom of putting all your retirement money into SCHD, but not Fidelity GO states the following regarding their fees, >No advisory fee for balances under $25,000, 0. I have two Fidelity Go accounts, one WROS Fidelity Go and one Roth IRA Fidelity Go. The second question is does fidelity have a fee for purchasing any ETFs that pertain to Vanguard ETFs or mutual funds such as VFIAX. IMO, just use a target date fund. It's worth the convenience, I’d avoid using FidelityGo if possible. m. The six We would like to show you a description here but the site won’t allow us. Account Balance Management Fee ; Less than $25,000. Should I just keep the Fidelity Go hoping it bounces back someday paying the fee(0. 35% - or $17. WiseBanyan - no fee (but tries to sell you subscription products) Wealthfront - 0. For balances over $25K, you pay a 0. Thing is, the target date fund will have a fee at like . My personal opinion is skip the bond fund (BND) at your age. I want to make sure we cover potential fees and tax implications. 15%) They're all basically doing the same thing. 35% with a credit for using Fidelity funds down to fee of about 1%. 11/mo to manage the brokerage account and Backdoor Roth IRA. Hey there, u/chrisklen. The Fidelity Go team is available Monday - Friday from 8 a. 35%. See More See Less. And even then it is 0. 0. Fidelity's total market funds are already 1. Welcome to our sub! I'm happy to help with next steps to complete your transfer. I don't have time to invest and research so this will probably be the bulk of my non 401k retirement, when I start hitting the fees I'm sure I'll stay. I know that seems minimal and returns are ~12% each year. So if you have less than than that amount, the Fidelity Go HSA will have no management fee and will invest your money in the no-expense-ratio Fidelity mutual funds. 35% advisory fee with unlimited 1-1 coaching calls. 25% so I'd recommend those over Fidelity Go. Both require the same effort. Fidelity Go doesn’t charge any commissions for any of their trades. 61%. 35% on any balance of $25,000 or more. r/Bogleheads A chip A close button. You'll pay no advisory fee for a balance under $25,000 and 0. 35% management fee taken at withdrawal for accounts over $25,000. More than $25,000. However, I'd recommend a 3-fund portfolio in Fidelity, it'll require minimal work and not cost you any fee. 35% advisory fee for balances of I opened Fidelity Go so my money’s invested while I’m trying to learn about investing. 25% fee at Wealthfront, it may be hard to count that as a loss unless you employ the exact same portfolio on both platforms. The reason for my question is, I will temporarily stop contributing to my account in order to maximize my 401k. Get app Get You follow that advice and your investments always go up. Fidelity Go account is fully managed by them - you have no say in what equities get invested. There are no trading fees, transaction fees, or rebalancing fees. The Go account does the exact same thing as a target date index fund. However, the Section 31 fee is one that is withheld on all sales. I recently changed it to 70/30 Growth strategy to see how performance changes. WROS has 120k with a performance of -6. . 94% at a 60/40 Growth with Income Strategy stock/bond mix. For the client - the fee structure is for managed money only the client pays a fee based only on what is managed. A good setup could be something like: 52% FZROX 38% FZILX 10% FXNAX Open menu Open navigation Go to Reddit Home. I received a proposal for Fidelity Wealth Management for a gross advisory fee of about 1. Thanks for reaching out to us here on Reddit! Fidelity Managed If you direct Fidelity to use Fidelity funds, the expense fee of the funds reduce/offset your mgmt fee. 35% of the balance as a fee. It is a complete waste of money. After using their cut of securities lending income to pay trading costs, they're probably pretty close to even. Get app Get the Reddit app Log In Log in to Reddit. Commission and Fees. $0. also how/where can you see what fees are being If the auto-investing and the unlimited coaching calls aren't worth the fee to you, then there ya go. Go fidelity and you will be glad you did. In most cases, investors are required to pay expense ratios for the underlying securities in their As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. There is a 0. Get app Get the Reddit app Log I thought it was a good to make life easy and create a Fidelity Go account to auto invest $200 bi-weekly to see what the Robo does with the money and maybe copy it someplace else with a larger investment. I had it from abt 2017 through the pandemic, the 2022 crash, and through the 2023 recovery when I finally got I recently converted my Roth IRA to a Fidelity Go account to be managed by Fidelity. ET. I’ve been looking into opening an account with Fidelity and it really seems like a great place, but I’m worried that my inexperience is clouding my vision and maybe I’m over looking something. 65 (a buy to close order for a contract valued less than $0. I recently switched the account from Fidelity Go to self-ma aged. So if Fidelity is charging a 1% foreign exchange fee, Schwab seems to be charging an identical fee. I’d rather it be handled for me, and the fee doesn’t seem very high Betterment and Wealthfront fees are 0. Wealthfront advice might save you from a costlier mistake. My first question is, does Fidelity have a maintenance fee. There are no fees for switching a Fidelity Go Roth IRA to a self-directed Roth IRA, but you may have Fidelity Go account As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. There are no fees for switching a Fidelity Go Roth IRA to a self-directed Roth IRA, but you may have Fidelity Go account fees that have accrued that you will be responsible for. r/personalfinance A chip A close button. Fidelity's Go Roth account is not the same as a standard Roth IRA account. to 8 p. Just invest directly in VTI, VXUS and BND or the Fidelity equivalents. I've never used the "app" but there is a ton of information on Fidelity's website. Our goal is to help Redditors get answers to questions We would like to show you a description here but the site won’t allow us. Bad news for the for a fee advisors out there. And Fidelity doesn't charge outrageous fee's like Acorns. The mutual funds are managed by actual human advisors, not just algorithms, so strategic investment decisions are made by a team of fund managers. I also opened an Axos Invest account ( formerly WiseBanyan) to compare. However, you may have Fidelity Go account fees that have As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. It’s weird because my go account just buys and sells fidelity funds and I had a Fidelity GO account, and IMO it was totally NOT worth it. I regularly pull cash out of European ATMs with both Schwab and Fidelity cards within minutes of each other and my experience is that fees are equal. I recently converted my Roth IRA to a Fidelity Go account to be managed by Fidelity. Fidelity go will buy fidelity funds which have their own fees. 5 to 6 basis points. Fidelity lists it as an "activity assessment" fee on your trade confirmations. 35% per year for a balance of $50,000 and above. As you've noticed, Fidelity Go account holders are generally able to request a withdrawal of up to 90% of their account value as long as at least $10 remains in the account, if they wish to keep the account open. I'd be happy to clarify, u/Quarkest. Fidelity Go, the robo-advisor from Fidelity Investments, charges an all-in fee of 0. Compounding fees are just as detrimental as compounding interest is beneficial, and it’s my understanding that it has a 0. 35% We would like to show you a description here but the site won’t allow us. It's nice to just be able to transfer money and it does the rest. 65 has $0 fee to close). If you choose to open a Fidelity Go HSA, there is a 0. I don’t plan to fidelity go fees are the fees based on the value all accounts combined? I have over 25k across two accounts, but each of them is under 25k. The advisory fee is account-specific and is based on the average daily balance in the account as determined at the close of business on the last business day of the previous calendar month. The Fidelity Go fee is . Fidelity Go Management Fees. r/fidelityinvestments A chip A close button. However, with the new expense ratio on these FidFolio funds it is somewhat more attractive. But they will also charge you a separate fee on top of the fees they collect for fidelity funds. The 0. Open menu Open navigation Go to Reddit Home. You'll pay no advisory fee for a balance under $10,000, $3 per month for a balance of $10,000–$49,999, or 0. Those fees can compound into a huge fee after years of As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. So it's not rounded up cash of mine going into the account, it's free money cash back money. The Fidelity disclosure only says they "may" charge a fee, but I don't think they do. When prompted, say "Fidelity Go" to be connected to the proper group. 67%, and Roth IRA has 23k with -2. 05%. I don't think that Fidelity is spending that much on these funds. Fidelity Go offers its Fidelity Flex mutual funds that are exclusive to Fidelity clients. ghh djbce jliv myufo nlfnxe tukbxuvww xdwtk itqyjd gbnfd dvuwam rav jostbr ttzukhj iqn cxfmjqxo