Please walk me through the process of buying 4 week t-bills?
Here’s a summary of the main problem and solutions discussed in the post:
- Main Problem: The user, oontzz, is new to Fidelity and wants to start investing in 4-week T-bill ladders with an auto-roll feature.
- Solution 1: Fidelity offers a step-by-step guide on how to purchase Treasury Bills (T-bills) through their platform, which includes information on both newly issued and previously issued securities.
- Solution 2: The Auto Roll feature allows users to automatically reinvest the proceeds from matured Treasury Securities into new positions that meet their criteria.
- Additional Resources: Links to detailed guides on trading Treasury Securities and using the Auto Roll service were provided for further assistance.
Oontzz expressed gratitude and plans to review the steps provided to start investing.
Here’s the full thread
I’m new to Fidelity and want to start getting some extra $ by doing 4 week t bill ladders and have them on auto roll, how do I achieve this?
We appreciate you opening a new account with us! I’m happy to provide information on placing Treasury Bills (T-bills) orders.
Newly issued Treasuries can be purchased at auctions held by the government, while previously issued bonds can be purchased on the secondary market. Both types of orders can be placed through Fidelity. Luckily, we have an excellent step-by-step guide to purchasing treasuries on our website. Feel free to check it out below.
How to Trade Auction Treasury Securities/TIPS (PDF): https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/fixed-income/How-To-Trade-Auction-Treasury-Securities.pdf
Now, let’s talk about the Auto Roll feature. Auto Roll allows you to purchase eligible Certificates of Deposit (CDs) and U.S. Treasury Securities and arrange for the proceeds of the principal to be used to automatically purchase a new position that meets your criteria once your first position has matured. In essence, this is a special case that accounts for the gap between the maturity of the old security and the new security. If you’d like some extra reading with more in-depth details surrounding Auto Roll, help yourself to the link, which I’ve included below.
Learn more about fidelity Auto Roll Services: https://www.fidelity.com/fixed-income-bonds/fixed-income-tools-services/auto-roll-program
Let us know if we can clarify anything further or if any other questions come up. We’re here to help! 🟢
Thank you so much, I will read over the steps and give it a try 🙂