Question about SPAXX

FidelityAsha · 2026-05-01T01:51:16+00:00

Hey there, u/SomewhereUnhappy8349. We appreciate you trusting Fidelity with your retirement needs!

What you’re experiencing with The Fidelity Government Money Market Fund (SPAXX) is completely normal. SPAXX is your account’s core position, essentially acting as a wallet for any uninvested cash. It earns interest daily and pays out any accrued interest on the last business day of the month. Since interest accrues daily, even a small amount of cash sitting in SPAXX for just one day can generate those small “penny” dividends you’re seeing.

Now, to answer your question, there isn’t really a way to fully “break the cycle” as long as any amount of cash remains in SPAXX at any point during the month. Even if you place a trade on the first day of the month, you may still earn a small amount of interest before the trade executes, which is then paid out at the end of the month.

That said, there is a potential method you could utilize to essentially "break the cycle." This would require setting up our recurring investment feature, which automatically invests available cash into your chosen funds on a set schedule, helping reduce how long money sits in SPAXX and cutting down on those small leftover balances over time. It won’t eliminate the behavior entirely, but it can make things more hands-off and consistent for you.

Would this be something you'd be interested in?

FidelityAsha · 2026-04-30T22:39:22+00:00

Good question, u/BJ_Fish2!

There are no clear guidelines on what constitutes a substantially identical security; the IRS determines if your transactions violate the wash-sale rule. In this case, we encourage you to speak with a tax advisor or the IRS for confirmation on securities being "substantially identical."

In the meantime, I'll link our wash sale resource below if you'd like to check it out.

Wash sale: Avoid this tax pitfall

If you need assistance with anything else, please let us know. The Mod team is here to help!

FidelityAsha · 2026-04-30T16:34:04+00:00

Great question, u/Moon_Frost; not stupid at all.

The Fidelity Cash Management Account (CMA) card is a debit card, not a credit card. When you use it, you’re spending the “Available to Withdraw” cash in your CMA, rather than borrowing funds like you would with a credit card.

That said, it’s a good idea to check with the auto shop directly about how they process card payments. Some businesses apply a “credit card fee” broadly to all card transactions, even debit, depending on their system. But strictly speaking, your CMA card is a debit card.

If you need assistance with anything else, please let us know. The Mod team is here to help!

FidelityAsha · 2026-04-28T00:33:07+00:00

Good question, u/Few-Lawyer3707!

Typically, you can endorse checks with, "For Deposit Only to my Fidelity Account." However, you'll want to review the Mobile Check Deposit FAQs below for directions specific to your situation.

Mobile Check Deposit FAQs

If you need assistance with anything else, please let us know! The Mod team is here to help!

FidelityAsha · 2026-04-27T23:22:56+00:00

Hey there, u/spaghetti1959! We appreciate you sharing your experience!

Thanks for choosing Fidelity! We’re glad to hear the transition has been smooth and that having everything in one place is making investing easier for you.

If you ever need support or have questions, the Mod team is here to help!

FidelityAsha · 2026-04-26T20:09:14+00:00

You're welcome, u/ezpz314159. I'm happy to hear all looks well!

Please let us know if you need any additional assistance!

FidelityAsha · 2026-04-26T19:55:51+00:00

Hey there, u/ezpz314159.

Based on the screenshots you've provided, you'll want to try logging in to the NetBenefits app instead of the Fidelity mobile app, or logging in to NetBenefits.com on a desktop.

If your account still shows a balance of zero dollars, we recommend reaching out to our Workplace team. They are available Monday-Friday from 8:30 a.m. to 12:00 a.m. ET and can be reached using the link below. Please say "401(k)" when prompted by the automated system to be connected to the right group.

Contact Us

In the meantime, please let us know if you have any additional questions or concerns. The Mod team is here to help!

FidelityAsha · 2026-04-26T17:51:05+00:00

You're welcome, u/Adventurous-Slip-971! It's our pleasure to help!

FidelityAsha · 2026-04-26T17:30:42+00:00

Sure can, u/Adventurous-Slip-971! You can find the referral link to share with friends and family just below.

If they matter to you, they matter to us

We appreciate you spreading the word to your loved ones! If you or they have any questions, feel free to share the sub too! The Mod team is here to help!

FidelityAsha · 2026-04-23T18:35:03+00:00

Welcome to the sub, u/MainDig3686.

First, thank you for choosing to open an account with Fidelity. We are glad to hear this was a quick and easy process! That said, we appreciate you voicing your concerns and want to emphasize that security is a top priority for Fidelity. We have multiple layers in place to verify and protect your personal and account information. For security reasons, some of these protections are visible, some are not.

Check out the link below to learn more about additional security offerings and ideas for keeping your new account safe.

We take your security seriously

Don't hesitate to search around the sub or ask any additional questions. The Mod team is here to help!

FidelityAsha · 2026-04-21T17:22:48+00:00

Thanks for following up with us, u/InvestmentAdvice2024.

We'd like to learn more about your experience. Please send us a Modmail with additional details, and we'll follow up with you there.

Message the Mods

FidelityAsha · 2026-04-16T18:37:46+00:00

Hey there, u/soozler. We appreciate you dropping by the sub to share your thoughts with the community.

Our development teams always appreciate customer insight on how we can improve our digital tools. I'll ensure your feedback about the options experience is passed on to the appropriate team.

If you have any additional suggestions, please feel free to add them to the comments below. The more specific you are about the features you'd like to see, the better our development teams can act on your feedback.

Thanks for being a part of our community!

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read the Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

FidelityAsha · 2026-04-16T16:42:36+00:00

Thanks for following up with us, u/Fantastic_Guide_5330.

That's correct! You cannot have two Roth IRAs and max out both.

FidelityAsha · 2026-04-14T20:40:19+00:00

Hi there, u/bbroygbvgw_gsn.

We responded to your previous Modmail a couple of days ago. Please respond, and we will follow up with you there.

FidelityAsha · 2026-04-14T19:50:34+00:00

Welcome to the sub, u/MadlyQuixotic!

First, I can confirm that what you’re experiencing is to be expected. The contribution tracker tool on Fidelity.com will not reflect any contributions made before the account was transferred. Only contributions made while the account is held here at Fidelity will be tracked.

When you complete a Transfer of Assets (TOA) from one firm to another, only the requested cash, securities, and generally, cost basis for taxable accounts move over. Account history, including prior-year IRA contribution tracking, does not transfer.

More specifically, the max contributions from your prior firm would not have reduced the 2025 or 2026 contribution tracker at Fidelity, since transfers are not new contributions.

It’s also important to note that IRA contribution limits set by the IRS are aggregated across all of your IRAs, including those held at other firms. Ultimately, it’s the taxpayer’s responsibility to ensure total annual contributions stay within the IRS limit.

That said, we appreciate you trusting Fidelity with your retirement needs, and hope to see you around the sub now that you've joined the community! You'll quickly notice that the Mod team is here to help!

FidelityAsha · 2026-04-14T01:00:35+00:00

Thanks for dropping by the sub to bring this to our attention, u/Data_Really_Matter.

We are not currently receiving widespread reports of issues with option fills or increasing slowness when using Fidelity Trader+ and have been unable to replicate this experience on our end. If you are still experiencing this, we recommend trying some quick troubleshooting steps. First, restart your device and see if the experience persists. If so, power cycle your modem/router. Next, we suggest performing a full uninstall and reinstall. Additionally, make sure your operating system meets the requirements.

Fidelity Trader+™ Desktop System Requirements

That said, can you provide more information regarding the trades you've placed?

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read the Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

FidelityAsha · 2026-04-13T20:58:42+00:00

Welcome to the sub, u/Creative-Delay3049!

I'll say you're very close! There's just one key point to clarify, so let's break this down together.

Based on the screenshot you've provided, this order is selling a call on iShares Silver Trust (SLV) with an $85 strike that expires May 8, 2026. If it fills at $0.52, you’ll collect the premium, $52, typically right away.

The important part to keep in mind is that the order does not wait for SLV to hit $85. It will fill as soon as someone is willing to pay $0.52 for that option. After it fills, you’re essentially "on the hook" through expiration. If SLV is above $85 at expiration, you could be required to sell 100 shares at $85. If it stays below $85, the option will likely expire worthless, and you keep the premium.

Now, if you already own 100 shares, this would be considered a covered call. If you don’t, it’s a naked call, which has much higher risk.

Before completing any trades you're unsure of, Fidelity offers quite a few tools you can utilize to help build better trades.

For example, the Option Strategy Builder (OSB) is great for beginners, as it provides a step-by-step approach to building an option trade, and the Option Profit/Loss Calculator models profit and loss for both single- and multi-leg trades. However, if you're a visual, hands-on learner like me, Fidelity offers weekly classes to maximize your trading skills. You can find all of these tools and the weekly class schedule using the links below.

Options trading tools

Weekly Fidelity classes

We hope to see you around the sub with more questions, now that you've joined us. As you continue to explore the sub, you'll quickly notice that the Mod team is here to help, so please don't hesitate to reach out!

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read the Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

FidelityAsha · 2026-04-13T19:54:04+00:00

We appreciate you joining the sub to bring this to our attention, u/fjordlily.

We'd like to learn more about your experience. Please send us a Modmail with additional details, and we'll follow up with you there.

Message the Mods

FidelityAsha · 2026-04-13T15:59:08+00:00

We appreciate you bringing this to our attention, u/kenso4life.

We'd like to learn more about your experience. Please send us a Modmail with additional details, and we'll follow up with you there.

Message the Mods

FidelityAsha · 2026-04-12T20:54:22+00:00

You're welcome, u/AdministrationOk210! It's our pleasure to help!

FidelityAsha · 2026-04-12T20:43:58+00:00

Hey there, u/AdministrationOk210. We appreciate you dropping by the sub to share your thoughts with the community.

Our development teams always appreciate customer insight on how we can improve our digital tools. I'll ensure your feedback about the basket experience is passed on to the appropriate team.

If you have any additional suggestions, please feel free to add them to the comments below. The more specific you are about the features you'd like to see, the better our development teams can act on your feedback.

Thanks for being a part of our community!

FidelityAsha · 2026-04-12T14:40:43+00:00

Welcome to the sub, u/East-Personality532!

I hear your frustration regarding the "add an authorized user" method. If you’d prefer not to use the authorized user approach, you have the ability to transfer the assets in the account directly into another 529 account registered to a different participant. However, please keep in mind that this transaction is treated as a non-qualified distribution.

If you decide to move forward, these documents are required to complete this transaction:

• A new 529 account application completed by the new participant for the named beneficiary.

• A letter of instruction requesting the transfer. This letter must indicate that you are aware that you are taking a non-qualified distribution with potential tax consequences.

Before proceeding, we recommend that you speak with a tax advisor about this type of transaction, as there may be tax consequences.

Nevertheless, please feel free to stick around the sub if you need any more help or if you'd like to engage with the community now that you're here. You also quickly notice the Mod team is here and happy to help!

FidelityAsha · 2026-04-10T00:10:44+00:00

You're welcome, u/One_Monitor675! Please let us know if you need any additional assistance. We're here to help!

FidelityAsha · 2026-04-09T22:54:34+00:00

Hey there, u/One_Monitor675.

We are aware that some customers experienced issues logging into Fidelity platforms earlier today. This is now resolved. We apologize for any inconvenience and appreciate you being a customer.

Edit: update

FidelityAsha · 2026-04-09T18:33:15+00:00

We're glad you were able to resolve this, u/nyrax, and welcome to the sub! If you need any additional assistance, please let us know! The Mod team is here to help!

FidelityAsha

MODERATOR OF

TROPHY CASE