What will happen to ETF sales in Fidelity Basket Portfolios?
Summary of the conversation:
- Main Problem: Noah Werden inquired about the implications of selling an ETF that is part of a Fidelity Basket Portfolio.
- Solution: Selling a single position from the basket will only remove that specific ETF from the basket without affecting any other positions.
- Additional Information: Users can manage their baskets through the web or mobile app, allowing them to rebalance, buy, sell, edit, and rename their baskets as needed.
- Resource Provided: FidelityEmily suggested checking the Fidelity Basket Portfolios FAQs for more information on commonly asked questions.
Here’s the full thread
If I sell an ETF that is in a fidelity basket, will the basket break or what will happen?
Thanks for reaching out, @Noah Werden! I’m happy to help out with your basket question today.
It sounds like you’re referring to Fidelity Basket Portfolios. If so, selling a single position from your basket simply removes it from the applicable basket, and no other positions are impacted. Managing your basket can typically be done from the web or the mobile app, where you can rebalance, buy, sell, edit, and rename your basket as desired.
Feel free to check out our handy FAQ page that answers other commonly asked questions.
Fidelity Basket Portfolios FAQs: https://www.fidelity.com/direct-indexing/customized-investing/faqs
Please let us know if you have more questions or if this doesn’t quite match your situation. We’re happy to help! 🟢
Thanks @FidelityEmily, that answers my question.
You’re so welcome, @Noah Werden! We’re here should anything else come up. Enjoy your weekend! 🟢
You too!