Learn about SPAXX, Fidelity’s money market fund, including details on yield, investment strategy, fees, and how SPAXX can help manage cash within your Fidelity account.
Here’s a summary of the main issue and solutions discussed in the conversation: Main Problem: The user, Dan, is seeking ways to deposit money into his account without having a bank account. ATM Deposits: Dan can only use an ATM to deposit money into his account since he does not have an active bank account….
Here’s a summary of the main problem reported by the user and the solutions discussed: Main Problem: The user wants to know if they can buy funds in their Roth IRA directly using money from their separate brokerage account without having to transfer funds first. Solution 1: It is possible to transfer cash from the…
Summary of User’s Problem and Solutions Discussed: The main problem reported is that funds deposited via check are not transferring to the user’s cash balance; they remain in the “available to invest” status for an extended period. One reason for the delay is that checks usually have a collection period to ensure they clear, which…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user is that their cash balance shows as 0 despite the recent deposit no longer being pending. It was suggested that funds take time to appear in the cash balance and that the user should check if their account value is the…
Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: The user, ElinaTheHangryGirl, is encountering an error when trying to sell shares, indicating that the number of shares entered exceeds those available in her account. Solution Suggestion: Noah Werden recommends calling Fidelity directly, as they can assist with the sale,…
Summary of User’s Inquiry and Solutions Discussed: Main Problem: The user, Juiced, wanted to know if the FRSXX fund at Fidelity has an auto-liquidity feature for covering wire transfers. Solution Confirmation: Fidelity representatives confirmed that FRSXX is auto-liquidation eligible and can be liquidated for outbound wire transfers. Liquidation Process Explanation: Fidelity explained that if the…
Here’s a summary of the main problem and the solutions discussed: Main Problem: The user, eli, is unable to trade after enabling margin, as their buying power (BP) shows $0 across all accounts, despite having funds available in their cash account. Solution 1: Customer support suggested clicking on “cash order” instead of “type margin,” which…
Summary of User’s Concern and Solutions Discussed: The user, JMackie, is concerned about whether shares of an ETF will be liquidated if their core position in the Cash Management Account (CMA) is depleted due to debits or transfers. Fidelity representatives clarified that only certain securities would be liquidated, and ETFs would not be among them….