Fidelity Solo FidFolios Dividends Question
Here’s a summary of the main problem reported by the user and the solutions discussed:
- Main Problem: Carlito wants to know if dividends from FidFolio baskets are reinvested back into the basket or into the stock that generates the dividend.
- Solution: Fidelity representatives clarified that currently, dividends received from securities are sent to the core position of the account and cannot be reinvested into the basket. However, they are considering this feature for the future based on user feedback.
- Additional Problem: Carlito mentioned issues with using Fidelity Solo, specifically regarding the inability to place multi-orders.
- Solution: Fidelity confirmed that Youth accounts are not eligible for the Fidelity Solo Fidfolios feature, but they will pass the feedback to the Fidfolios team for consideration.
Here’s the full thread
Are the dividends earned from the basket re invested into the basket itself or is it re invested into the stock I earn the dividend from?
Thanks for dropping by the server, @Carlito.
Currently, any dividends recieved from securities within the FidFolio baskets are sent to the core position of your account. While it’s not currently possibly to have these dividends reinvested back into the basket, we’ve received frequent feedback regarding making this feature a possibility. Stay tuned, since this feature is on the roadmap for the near future!
Let us know if there’s anything else we can help with.
I want to use Fidelity Solo but it won’t let me multi order
I have a youth account is there a way to bypass this?
Thanks for following up with us!
Currently, the eligible account types that can use the Fidelity Solo Fidfolios feature include Brokerage accounts, IRAs (Traditional, Roth, and Rollover), Cash Management accounts, Health Savings Accounts, and some UGMA/UTMAs.
At this time, Youth accounts are not eligible for the Fidelity Solo Fidfolios feature; however, we take feedback seriously, and I’d be happy to pass this post over to our Fidfolios team for further review.
Yeah that’d be appreciated.
How do i unsubscribe from fidelity solos?
Absolutely!
To cancel, start from your basket dashboard in a web browser—you can get there from your positions page. Then just 2 steps. Select:
1. “Manage enrollment”
2. “Cancel enrollment”
Note: Enrollment changes are through web only at this time.
Thank you!
We’re glad we could help, @Carlito! 🟢