Investing for the long term
Here’s a summary of the main problem and solutions discussed in the conversation:
- Main Problem: The user, Jose787pr, is seeking recommendations on how to start long-term investing and whether they need to open a new account to do so.
- Solution 1: Fidelity suggests the user can utilize their existing retail Brokerage account for long-term investing without needing to open a new one, unless it aligns with their specific investment goals.
- Solution 2: Fidelity offers a variety of account types and investment options, including stocks, ETFs, and mutual funds, which can be explored through their resources.
- Solution 3: The user is encouraged to access Fidelity’s educational tools, articles, and financial planning resources to help them understand investments and create a financial plan.
- Solution 4: Fidelity provides a “Learn” section on their website with various educational materials and coaching sessions on trading and investing.
This comprehensive approach aims to assist the user in making informed decisions about their investment journey.
Here’s the full thread
Hello. In this new year I would like to start investing for the long term. What can you recommend? Do I have to open another account to do that? Thank you
Thanks for reaching out to us here, @Jose787pr . Kudos to you for beginning your new year with planning for the future!
Something that’s great about being with Fidelity is that we do our best to educate and provide easy ways to learn about all of your choices when it comes to investing for the future. Even though we can’t advise you on what’s best, you can use our free tools and resources to find what would fit your goals best.
Starting with the accounts we offer. Fidelity offers many different account types including non-retirement Brokerage accounts and retirement Brokerage accounts. Both account types allow you to trade individual stocks, Exchange Traded Funds (ETFs), mutual funds, fixed income, and more.
That said, if you already have a retail Brokerage account open with Fidelity, it is not necessary to open a new account, unless opening a new account aligns with your investment goals and strategy. Using the link below, you can review both the “Investing and trading” accounts offered and the “Saving for retirement” accounts offered.
Open An Account: https://www.fidelity.com/open-account/overview
Now, onto the investing; we offer a variety of investments, including Exchange Traded Funds (ETFs), individual stocks, bonds, mutual funds, and more! I suggest taking a look at the article I linked below, as it reviews funding your account, choosing an investment, and how to place a trade.
How to invest your money: https://www.fidelity.com/learning-center/trading-investing/how-to-invest-money
Fidelity offers an extensive library of information on our website. The “Learn” section of our site is a great place to begin and can be accessed by clicking “News & Research” in the green banner, then “Learn.” Once there, you can search for content, view upcoming live webinars or On-Demand ones, attend trading and investing coaching sessions, and even take online classes. (1/2)
Note that our “News & Research” dropdown also features a variety of tools, organized by security type, that allow you to search for and compare different investments as you look for what will suit your needs. Additionally, clicking the name for any security will bring you its full research page for a look at all the facts.
Lastly, you may want to check out our financial planning tools. You can create a free plan based on your goals so you can measure progress over time.
Financial Planning https://www.fidelity.com/what-we-offer/planning
Remember that you also have us here on Discord as your resource. We’re happy to help answer additional questions! (2/2)🟢