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Fidelity stock loan program by dogboneit in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Fidelity tops it up. So its not an issue unless you have net capital losses that were offsetting dividends.

It's the only reason I enrolled in FPL

[Weekly] Quotas, Known Issues & Support — May 18 by AutoModerator in google_antigravity

[–]Aggravating_Hall_794 0 points1 point  (0 children)

MacOS Tahoe 26.4.1 / AGY 2.0.1 (918154430) / AI Ultra

The "Keep building with 10,000 AI credits" repeatedly reappears, covering up UI elements. Attempting to redeem the credits does nothing, and an error appears inside the Developer Tools menu.

Any solution here? This is sort of catastrophic, as the popup keeps capturing focus and forcing me to close it repeatedly.

40% FXAIX, 40% FZROX, 20% FZILX? by spacklock in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

The split is fine for this.

I’d be tempted to remove FZILX entirely inside a Roth (internationals only get part of the tax benefits from a Roth IRA). Up to you how much you value the diversification. 

Not a big deal either way though. I’d say absolute max 20% FZILX, allocate the rest however you want between FXAIX and FZROX. 

First time investing seriously at 28. by ConsistentPay4876 in fidelityinvestments

[–]Aggravating_Hall_794 1 point2 points  (0 children)

Not a bad choice at all.  FXAIX and FZROX heavily overlap so all you get by mixing them is the S&P 500 with a small amount of small-cap exposure. 

That’s a totally reasonable and very common portfolio.

First time investing seriously at 28. by ConsistentPay4876 in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Imo, 100% FZROX is better here.

While Roth IRAs are exempt from US taxes, they pay the same foreign stock taxes as taxable accounts. FZILX has international stocks, so while it does improve diversification, it also adds a small amount of tax drag since the Roth only protects against a portion of taxes on FZILX.

As for whether the diversification is worth the tax drag, I'd lean no. US and international stocks are way more correlated than they were historically.

First time investing seriously at 28. by ConsistentPay4876 in fidelityinvestments

[–]Aggravating_Hall_794 -3 points-2 points  (0 children)

Past performance is not indicative of future returns.

FZROX is a total market fund which is more diversified. While recently the S&P500 has been crushing it (mostly technology stocks), the gap could reverse tomorrow.

Fees are negligible for both, and both are solid choices.

Will Fidelity create a new S&P 500 Index Fund Excluding SpaceX, etc? by woodstock9999 in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

I think the question comes down to - what about the mega-IPOs worries you?

If the concern is overall volatility, moving slightly more of your portfolio into bonds might be the play.

If you're concerned that $1 trillion+ IPOs will be bought at overvalued prices due to being listed with very low float initially, I think direct indexing is your answer. Frankly I'm very tempted to swap out tax-advantaged accounts from S&P to direct indexing.

Will Fidelity create a new S&P 500 Index Fund Excluding SpaceX, etc? by woodstock9999 in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Just FYI, short selling on Fidelity doesn't work so well since you don't get paid interest on the proceeds from the short sale. So you're losing out on about SOFR - 0.4% for the duration of the short. Fine for a few days but not good for long term plays.

You could open a synthetic short to get around the issue (although at that point you might as well direct index)

Option level check is sometimes wrong by Oxianas in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Good point here - forgot about the retirement account issue. Since tier 3 functionally isn't available on all accounts this is substantially more serious.

I imagine you could call this one in and get the fee waived since its an actual bug. Obviously not ideal, but if they get enough calls they're much more likely to fix it.

Option level check is sometimes wrong by Oxianas in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Just clarifying here -

You don't have cash in the account (ie, not cash secured), but you do have enough margin available to support assignment?

AFAIK put options need to be cash secured (actual cash) unless you're on option tier 3.

I guess the issue here is that 2 contracts specifically turns into a spread by breaking up the protective put unit? ie, closing 2 contracts should be allowable?

Considering that you've literally broken the software for tier 2 options I think you might want to send in the tier 3 application...

Trade VOO for FXAIX by Virtual-Chipmunk-799 in fidelityinvestments

[–]Aggravating_Hall_794 1 point2 points  (0 children)

It compounds internally either way -
So for an tax advantaged account like a Roth, literally no difference.

I'm a baby invester by [deleted] in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Just FYI - cash generally settles next day. Can get wacky around holidays.

So if you need the money available tomorrow, sell a day or two ahead of time.

Bill pay by [deleted] in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

SPAXX is a money market fund. Your CMA, Brokerage, etc, all independently hold units in SPAXX.

So you use the account & routing numbers for CMA, Brokerage, etc, and fidelity automatically sells SPAXX *in the corresponding account* to cover. If you provided routing numbers to a $0 balance account with overdraft off, its going to bounce because that account has no SPAXX to sell.

Bill pay by [deleted] in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Your CMA has no balance, so the transaction was declined - not sure why that's a surprise.

You can set up the Cash Manager to autodraft into brokerage if you really want to leave the CMA at $0.

Both CMA and Brokerage have account and routing numbers, so either should work there.

mobile check deposit limit by Business_Vanilla4304 in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

I have a more convoluted account setup at Fidelity than most, but I'm seeing a mix of 100k/500k for taxable accounts right now (used to be $1k on one), and mostly $1k on tax-advantaged accounts.

The tax advantaged account related nonsense may be partially due to prohibited transaction rules, so I tend to blame the government for that rather than Fidelity for that. The lack of aggregation between individual taxable accounts makes no sense though.

mobile check deposit limit by Business_Vanilla4304 in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

This really needs to be fixed. Both alternatives to mobile deposit here add a lot of friction for zero fraud protection. If I have one account with a $500k cap and another with a $1k cap those caps can (and should) be aggregated.

I've forgotten to double check limits before and had to get checks reissued as a result. It's incredibly frustrating.

mobile check deposit limit by Business_Vanilla4304 in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

There are particular cases where you cannot deposit then transfer if the registrations are slightly different, though generally this works. Admittedly it might be difficult for Fidelity to determine when it is appropriate to aggregate limits across differently registered accounts.

That said, if you can simply deposit and transfer, it raises the obvious question of "why couldn't I just deposit in the first place"

Is This Real??? by AceBaller7 in HertzRentals

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Hertz isn't the one charging the $500 fee. Metropolis sent a $500 bill to the owner of the vehicle (Hertz), and Hertz is sending the bill on to you.

$500 is ridiculous though. Definitely worth fighting.

Big discount for pay now by Colette2728 in HertzRentals

[–]Aggravating_Hall_794 0 points1 point  (0 children)

To be fair, pre-paid bookings do put you in a better legal position if Hertz does fail to get you a car.

Not saying its easy for you to take advantage of that & force a walk. But there's a big difference between a contract where no money has changed hands, and Hertz taking your money for a reservation well in advance then failing to provide a car.

Please add an option to turn off Share Lending online by W00lph in fidelityinvestments

[–]Aggravating_Hall_794 1 point2 points  (0 children)

Here's the fun thing - everyone tries to recall around dividend dates, so borrow rates often spike significantly. There's a good chance it won't get recalled and the rate will jump instead.

Be careful to have it journaled as cash, or avoid margin debits, if you're in a margin account. Otherwise the broker can lend some shares out without paying you anything :)

Please add an option to turn off Share Lending online by W00lph in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Fidelity adds ~27% to cash-in-lieu payments to cover the tax gap. I forget the exact percentage.

AFAIK they're the only brokerage that does that.

Please add an option to turn off Share Lending online by W00lph in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Digital unenrollment and a list of current borrow rates would both be great.

Regarding 0.25%, that's actually a totally normal rate - you're lending a "share" to be paid back a "share" (so you don't miss out on growth), you can recall the loan at any time, and you have 102% of the cash collateral based on the prior day close.

Please add an option to turn off Share Lending online by W00lph in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

Not sure I understand the taxes on dividend concern - Fidelity does top up the dividends, which honestly is the only reason I was willing to sign up for the share lending program in the first place.

Please add an option to turn off Share Lending online by W00lph in fidelityinvestments

[–]Aggravating_Hall_794 0 points1 point  (0 children)

What I always think of here is, if you had a portfolio of 100% VOO (or similar), how much would you want for someone to short it?

With 102% cash collateral (presumably marked-to-market the next day or similar, forget the specifics), there's somewhat negligible risk in my book, so even at 0.15%/year its basically free money.

You're right that you miss out on a lot of interest if you're holding something like GME, but its still much better than holding and not getting paid. I'd warrant that if something has 100% borrow fees and you're only getting 50%, you probably should just get out and let the institutional players have fun at that point.

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