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--- fidelity_notes [2024/02/20 22:17] – [why fidelity] raju
+++ fidelity_notes [2024/04/27 23:39] (current) – [endorsing checks] raju
@@ Line 1: / Line 1: @@
+==== 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
@@ Line 15: / Line 31: @@
 Settings -> Notifications -> App notifications -> Select Fidelity -> Slide right
-==== why fidelity ====
+==== Fidelity vs. Schwab ====
-  * Automatic sweep of uninvested cash into money market funds
+  * 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.
-    * FWIW, this is not available in Schwab. [asof | 2023-09-21]
+  * 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.
-  * Customer service is great. [today | 2023-09-22, 2024-02-20]
-  * Treasuries can be automtically rolled over. [today | 2023-12-29]
-  * 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. It is free.
-    * https://www.fidelity.com/go/monitoring-your-financial-portfolio
 ==== Core positions ====
@@ Line 99: / Line 111: @@
 Solution 2:
 Work around it by transferring money to a different bank (ex:- CFCU -> Capitalone -> Fidelity).
-==== securing the account ====
-  * Enable two factor authentication
-  * Turn on money transfer lockdown
-    * https://digital.fidelity.com/ftgw/digital/security/dashboard/view
-See also:
-  * https://digital.fidelity.com/ftgw/digital/security/lockdown
 ==== 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 ====
+-----
+:?: 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.
+----