==== why fidelity ====
* Automatic sweep of uninvested cash into money market funds
* FWIW, this is not available in Schwab. [asof | 2023-09-21]
* Customer service is great. [today | 2023-09-22, 2024-02-20]
* Treasuries can be automatically rolled over. [today | 2023-12-29]
* [today | 2024-02-20] It has a cool feature called “Full View” wherein you can add all your other accounts (brokerage, 401k, bank accounts etc.,) and track your net worth for free.
* https://www.fidelity.com/go/monitoring-your-financial-portfolio
==== securing the account ====
* Enable two factor authentication
* Turn on money transfer lockdown (MTL)
* https://digital.fidelity.com/ftgw/digital/security/dashboard/view
See also:
* https://digital.fidelity.com/ftgw/digital/security/lockdown
==== View treasuries by maturity ====
To view treasuries by maturity
Login -> All accounts -> More -> Analysis ->
Hover on "Fixed Income Analysis" -> Choose "Fixed Income Analysis Tool" ->
A separate windows pops up
You can also go there via https://oltx.fidelity.com/ftgw/fbc/ofoltx/bondCDAnalysis
Sort by the Maturity column
==== turn on push notifications ====
To turn on the push notifications from Fidelity app in Android
Settings -> Notifications -> App notifications -> Select Fidelity -> Slide right
==== Fidelity vs. Schwab ====
* Fidelity offers true treasury autoroll with no time out of the market. Schwab keeps your money out of the market 1 week and gives no interest.
* Fidelity will autoliquidate retail money market funds to settle withdrawals, ACH payments and security purchases. So you can keep money in a higher yielding money market fund instead of a settlement fund. Schwab does not offer this, and requires a manual sale of a money market fund.
==== Core positions ====
^ Account ^ core positions available ^
| Brokerage | FCASH, FZFXX, SPAXX |
| CMA | FCASH |
^ Account ^ core position I am using ^ asof ^
| Brokerage | FZFXX | 2023-08-18 |
| CMA | FCASH | 2023-08-18 |
^ Fund ^ Name ^ url ^ notes ^
| FZFXX | Fidelity Treasury Money Market Fund | https://fundresearch.fidelity.com/mutual-funds/ratings/316341304 | |
| SPAXX | Fidelity Government Money Market Fund | https://fundresearch.fidelity.com/mutual-funds/summary/31617H102 | |
| FZCXX | Fidelity Government Money Market Fund | https://fundresearch.fidelity.com/mutual-funds/summary/31617H706 | came across it from https://thefinancebuff.com/fidelity-cash-management-checking-savings.html |
^ Fund ^ 7-Day Yield (%) ^ Expense ratio (bps) ^ minimum investment ($) ^ asof ^
| FZFXX | 4.97 | 42 | 0 | 2023-08-17 |
| SPAXX | 4.97 | 42 | 0 | 2023-08-17 |
| FZCXX | 5.07 | 36 | 100,000 | 2023-08-17 |
^ Fund ^ invests in ^ last checked |
| FZFXX |
* U.S. Treasury Bills
* U.S. Treasury Coupons
* U.S. Treasury Strips
* U.S. Treasury Inflation-Protected Securities
* Repurchase Agreements
* Other Money Market Investments
* Net Other Assets
| 2023-08-18 |
| SPAXX |
* U.S. Treasury Bills
* U.S. Treasury Coupons
* U.S. Treasury Strips
* U.S. Treasury Inflation-Protected Securities
* Agency Fixed-Rate Securities
* Agency Floating-Rate Securities
* U.S. Government Repurchase Agreements
* Other Money Market Investments
* Net Other Assets
| 2023-08-18 |
| FZCXX |
* U.S. Treasury Bills
* U.S. Treasury Coupons
* U.S. Treasury Strips
* U.S. Treasury Inflation-Protected Securities
* Agency Fixed-Rate Securities
* Agency Floating-Rate Securities
* U.S. Government Repurchase Agreements
* Other Money Market Investments
* Net Other Assets
| 2023-08-18 |
This information can be obtained by going to the fund's page (ex:- https://fundresearch.fidelity.com/mutual-funds/summary/316341304) -> Summary -> "Composition by Instrument" table
==== links I came across ====
* https://www.fidelity.com/trading/faqs-about-account
* tags | core position
* You can use https://accountmaint.fidelity.com/ftgw/Profile/custpref/divncapg/init to change how 'dividends and capital gains' are handled.
* https://www.fidelity.com/learning-center/trading-investing/weekly-market-update - Weekly market update
==== linking a bank account ====
On 2023-07-xx, I tried to link CFCU checking account to Fidelity brokerage account in order to do an EFT (Electronic Funds Transfer). But I could not do it since Fidelity is asking for CFCU account's credentials. It is asking for this even when I chose "Enter my bank information on my own" instead of choosing "Log into my bank account with Plaid".
This issue seems to be specific to (Fidelity, CFCU). I was able to link accounts at other banks such as TD Bank, Capitalone to Fidelity without any issues.
I am not comfortable giving my bank account credentials to Fidelity.
Solution 1:
I called Fidelity the customer service. The representatives suggested to fill out a paper form, scan it and mail it to them. This form can be found as follows:
Login into fidelity.com -> search for 'forms' in the top right 'Search or get a quote' bar -> click on 'Online Forms and Applications' -> All Forms -> pg-6 -> Electronic Funds Transfer (EFT) -> Download the PDF
Solution 2:
Work around it by transferring money to a different bank (ex:- CFCU -> Capitalone -> Fidelity).
==== videos I came across ====
* https://www.youtube.com/watch?v=X7QR_zfdj8o - Why Fidelity Remains a Private Company
==== CMA vs regular brokerage ====
From https://www.bogleheads.org/forum/viewtopic.php?p=7555257#p7555257
>> The big difference is in how cash is handled - the CMA keeps your uninvested cash in FDIC insured bank accounts while the brokerage account puts it in money market funds that are covered by SIPC. Also, CMA accounts qualify for ATM fee reimbursement; with the brokerage account that's an optional perk depending on your account status. And the CMA has the Cash Manager feature that will let you pull cash from other accounts automatically when your CMA balance gets low, the brokerage account doesn't have that.
>>
>> On the investing side, you can't trade on margin in the CMA.
==== Missing features ====
* It is not possible to enable Money Transfer Lockdown (MTL) on 529 accounts. [1]
Ref:-
* [1] - https://www.reddit.com/r/fidelityinvestments/comments/1bkji5f/money_transfer_lockdown_on_529_account/
==== endorsing checks ====
* Write "For deposit only to Fidelity", sign it and write date.
tags | check endorsement
==== qna ====
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:?: Can I buy treasuries in fidelity brokerage account?
:!: Yes, you can. There are positives and negatives between buying at TreasuryDirect vs. a brokerage account like Fidelity. TreasuryDirect allows you to buy in increments of \$100 vs. \$1,000 at Fidelity. You can sell them before maturity at Fidelity which is not possible in TreasuryDirect. More details at
https://thefinancebuff.com/treasury-bills-cd-money-market.html . FWIW, I use Fidelity but I suggest you to go through the above link and decide yourself.
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