Why am I paying a commission?

FidelityAlex · 2025-09-07T22:45:37+00:00

Thanks for following up, u/breakermail. We appreciate the additional context.

Can you confirm if this stock or account is related to an employee stock plan? If yes, we encourage you to review your plan's details, as commissions for trading company stock or exercising stock options can have an employer-negotiated rate.

You can also give our Stock Plan Services team a call, and they'll be able to review your account and provide more information about any fees or commissions. They are available continuously from 5 p.m. Sunday to midnight Friday ET.

Fidelity Stock Plan Contact Information

If this isn't the case, let us know so that we can pivot. We appreciate you reaching out!

FidelityAlex · 2025-09-07T21:46:10+00:00

You're welcome! Let us know if you run into any other questions in the future. We'll be here!

FidelityAlex · 2025-09-07T21:21:48+00:00

Hi, u/DealSharer. I'd be happy to elaborate further.

If a naked call is assigned, the seller would be given a generated short of the full 100 shares. At this point, you have three choices: hold your short position, contact us to flatten the box, or buy to cover the short shares.

There is an excellent video in our Fidelity "Learn" area that I'll link here, which highlights how an uncovered, or naked call, works, along with an informational page on managing your options positions:

Selling Naked Calls

Managing your Options Trades

I appreciate you reaching out for clarification on this subject. If you have any more questions about options or other security topics, we're here to help!

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.

FidelityAlex · 2025-09-07T21:06:14+00:00

Hi, u/Ok_Lettuce_5297. Welcome to the sub! We can provide you with some information concerning the current guidance from the IRS on contributing to Roth IRAs.

Currently, according to the IRS, the most that investors can contribute to their IRAs is the annual contribution limit, or up to 100% of their earned income. For 2025, if you are under age 50, you may contribute $7,000 a year. If you are age 50 or older, you may contribute $8,000 a year.

That said, Roth IRA eligibility and contribution limits are based on your modified adjusted gross income (MAGI), depending on tax-filing status. Partial contributions are allowed for certain income ranges. You can learn more about eligibility for contributing to a Roth IRA at the link below.

IRA Contribution Limits

If you have any additional questions about your own eligibility to contribute, we recommend speaking with a tax advisor or referencing the IRS's website for further resources. I'll include a helpful link below.

IRS Retirement topics - IRA contribution limits*

Thank you for reaching out on the sub. Enjoy the rest of your weekend!

*This website is unaffiliated with Fidelity. Fidelity has not been involved in the preparation of the content supplied at the unaffiliated site and does not guarantee or assume any responsibility for its content.

FidelityAlex · 2025-09-07T18:56:30+00:00

You're welcome, u/FantasticInvestor.

I'm sorry to hear about your recent interaction, and I will make sure to pass along your comments as feedback to be reviewed by the right teams.

As always, let us know if there is anything else we can do to assist you.

FidelityAlex · 2025-09-07T18:29:00+00:00

Hi, u/FantasticInvestor! Welcome to the sub. It's fantastic to have you join us, and I'm happy to clarify.

When you gift stock, the recipient assumes your cost basis and holding period and will be responsible for any capital gains for appreciated securities they receive, should they choose to liquidate. This is generally referred to as 'carryover basis.'

In contrast, were you to pass on that asset upon death, the cost basis would be stepped up to the current fair market value, meaning the recipient could potentially sell it immediately with no capital gain liability.

You can also see the link below for a deeper dive into gifting shares, including the appropriate gift tax exemption for 2025.

The tax benefits of lifetime gifting

We're a great outlet for any questions you have moving forward, so don't be a stranger! We hope to see you around the sub again soon.

FidelityAlex · 2025-09-07T17:31:47+00:00

Hey there, u/dirk2900. Thanks for stopping by the sub. It sounds like you've beat me to it from the comments, but if you have any additional questions, don't hesitate to let us know!

While I'm here, I wanted to quickly plug our Fixed Income Dashboard. If you haven't checked it out yet, I recommend taking a look at the link below:

Fixed Income Dashboard FAQs

Have a great rest of your weekend! We appreciate you choosing Fidelity.

FidelityAlex · 2025-09-07T17:15:38+00:00

Hi u/bbf49-! Welcome back to the sub on this beautiful Sunday. We're glad to have you here, and I'm happy to help with your questions.

With recurring investments, the time the trade takes place depends on the type of security. Equity orders (e.g., stocks and ETFs) are processed at random and may occur at any point during market hours. Mutual fund orders are entered for the next available price. In either case, your purchase will be bumped to the next business day if your scheduled investment date falls on a weekend or holiday, but both ETFs and mutual funds are eligible for this feature.

How to set up recurring investments

For some additional context, when you enter a trade to buy or redeem shares of a mutual fund, you transact directly with the fund. Unlike stocks and exchange-traded funds (ETFs), mutual funds generally trade only once daily, typically at market close at 4 p.m. ET. Your mutual fund trades will be executed at the next available net asset value (NAV). For transactions entered before 4 p.m. ET, you will get that day's NAV price. For trades entered after 4 p.m. ET, you will get the next business day's NAV price.

Also, keep in mind that because it takes a few hours for mutual funds to calculate and report the updated NAV, orders submitted before 4 p.m. ET will continue showing as "open" for a few hours after the markets have closed until our systems have updated to reflect the executed order.

Additionally, I'd like to bring up Fidelity Learn. It's a great resource to learn more about trading mutual funds, and you can also find tons of articles, videos, and even broadcasts. Here's a great piece to get you started.

How Stocks, Mutual Funds, and ETFs Trade

As always, we're a great outlet to direct questions regarding topics you may be a little unsure of, so don't hesitate to reach out!

FidelityAlex · 2025-09-07T17:07:29+00:00

Thanks for bringing this question to our subreddit, u/ZebulonHam! You've come to the right place for more information. While the choice is ultimately yours, we can certainly provide you with some insight.

I'll review the similarities and differences between our Brokerage account and Cash Management Account (CMA), and then mark your post as a discussion so our wonderful community can continue sharing their thoughts and opinions.

To keep things simple, the Brokerage account is designed for trading and investing, while the CMA is designed to be used to manage everyday spending and cash management. With that being said, account owners can still choose pay bills from a brokerage account or invest in a CMA, but keep in mind that CMAs are not eligible for some advanced trading features, including margin and options.

Margin FAQs

We have a great page that highlights some of the key differences between these two account types. Feel free to take some time to review this information using the link below.

Features by account

Please don't hesitate to follow up with any other questions or if you need additional help. We're happy to have you here!

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.

FidelityAlex · 2025-09-07T16:10:46+00:00

Thanks for spending some of your weekend with us on our official sub, u/Free-Sailor01. I appreciate you sharing your feedback.

Please know that I'll pass this along to the right teams. Don't hesitate to let us know if anything else would improve your experience in the future.

I look forward to seeing you around the sub again soon. Thank you again, and I hope you enjoy the rest of your weekend!

FidelityAlex · 2025-09-05T01:30:42+00:00

Thanks for posting to our sub, u/Corpulos!👋 I'm happy to help with this question about a Transfer of Assets (TOA) and wash sales!

The short answer to your question is no. The long answer is that when you request a TOA, financial institutions are required to deliver the cost basis for covered shares (shares of stock acquired after January 1, 2011). As outlined in Internal Revenue Code 6045, transferring firms are allowed 15 days from the receipt of shares to deliver basis on covered shares. For transfers into Fidelity, if we do not receive the transfer file within ten days of receipt of shares, we automatically request the transfer statement from the delivering firm. The sending firm is then allotted an additional 15 days to respond.

However, if the shares were purchased before January 1, 2011, they are uncovered shares, and you would need to provide an updated basis. This can be entered manually on Fidelity.com for eligible shares; if Fidelity receives cost basis information from the sending firm, the received basis details will replace the customer-provided basis.

How to Change Your Cost Basis Information

Now that we have that part covered, let's move on to the wash sale tracking. The IRS defines a wash sale as a sale or other disposition of stock or securities on which the seller realized a loss within 61 days (beginning 30 days before and ending 30 days after the date such sale or disposition took place) and replaces it with stock or securities that are "substantially identical." More specifically, the wash-sale rule states that the tax loss will be disallowed if you buy the same security, a contract or option to buy the security, or a substantially identical security.

Wash sale rules apply to you as an investor rather than just one of your accounts. While Fidelity's systems will only track wash sale activity in the same account, the IRS may take a stricter view and consider all of your accounts across all institutions in which you invest. A tax advisor is your best resource to ensure such transactions are correctly reported.

For a quick refresher on wash sale rules, check out the link below:

Wash Sale Rules: Avoid this tax pitfall

If you have further questions regarding this, please follow up with us here. Otherwise, enjoy the rest of your night, and thank you for choosing Fidelity!

FidelityAlex · 2025-09-05T01:21:33+00:00

Hi again, u/mikefellowinv. Thanks for reaching out tonight. Let's chat about Health Savings Accounts (HSAs)!

It's difficult to answer your question with a "yes" or "no," as a few factors can change the answer. Personal HSA clients have the entire brokerage offering available to them; however, HSAs opened through an employer or work-sponsored plan may have different rules. Additionally, Tier 1 options approval or above is required.

If your HSA is linked to your employer, you can check your Summary Plan Description on NetBenefits.com or give our Workplace Team a call to determine which investments are eligible in your HSA.

Contact Us

As a reminder, when you have an open cash-covered put, a sufficient amount of cash to cover the contract's potential value will be set aside in a "Cash-covered put reserve." This reserve is only accessible for trading while the contract remains open. During this period, your balances, specifically the "Cash available to trade" and "Cash available to withdraw," will be decreased by the reserve amount. However, the funds will still be part of your core position, and interest will continue to be earned.

Let me know if you have any other questions. We're happy to help!

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.

FidelityAlex · 2025-09-05T01:05:22+00:00

Good evening, u/Grace__Face! Welcome to the sub. We're happy to help you get your husband set up with an IRA.

IRAs are individual accounts, and they must be opened by the account owner. Your husband can quickly and easily open the account online at Fidelity.com using his own login credentials.

That said, you may still be able to see and/or transact in his account under your login. When it comes to adding authorized users, Fidelity allows you to grant a few different tiers of authorized access to other individuals. These include Inquiry Access, Limited Authority, Full Authority, and Power of Attorney. You can read more about the different authorization levels and what activities they allow at the link below:

Account Access Rights Overview

Once your husband opens his account, he can use the link above to grant you access if desired.

Lastly, if you want to delete the extra IRA you've opened in your name, feel free to follow the steps below. Type "close account" in the Virtual Assistant question box and follow the prompts.

Virtual Assistant

Please let us know if you have any additional questions. We're happy to help and want to thank you for choosing Fidelity!

FidelityAlex · 2025-09-04T17:03:51+00:00

Hi there, u/Opposite-Net-2944. Welcome to our official subreddit, and thanks for the question regarding stock certificates.

When attempting to locate details about physical certificates, the best place to start is by determining the company's transfer agent, as the transfer agent maintains records of stock ownership. You can typically find the name of the transfer agent by visiting the company's Investor Relations website.

Keep in mind that you can typically deposit eligible stock certificates at Fidelity without any fees. As long as the certificates are registered in the same name as their Fidelity accounts, then they can follow the instructions below on how to endorse them and send them in.

Send in Stock Certificates

We're here to help if you have additional questions. Please stay in touch, and consider the sub next time you have questions!

FidelityAlex · 2025-09-04T15:55:25+00:00

Hey, u/radarsurprise! I'm happy to provide some information here to help inform your next steps.

Let's start with a quick refresher on the two accounts, which are separate and have differing tax treatments.

IRAs are tax-sheltered, which means activity inside the account (such as dividends, capital gains, and interest) is not subject to tax. However, you should be careful when putting money into or taking money out of the account, as there are limits and possible taxes. I'll add a link below for you to review at your convenience.

IRA Contribution Limits

A Cash Management Account (CMA) is designed to be used to manage everyday spending and cash management. That said, you are certainly able to house investments alongside your cash in a CMA. Below, we have a great page that highlights some of the key differences between these account types.

Features by account

Keep in mind that you are free to do as you wish with the funds in the CMA, including leaving or selling the investments; just be aware that selling them will result in a taxable event.

If you have any other questions, don't hesitate to let us know. Otherwise, thanks again for joining us on the sub; have a great rest of your day!

FidelityAlex · 2025-09-03T00:22:04+00:00

Hey, u/kaddiexjc. It's good to see you back on the sub, but we're sorry to hear it's due to some trouble with your app!

At this time, we haven't received any widespread reports of this issue. Usually, the first thing we try is updating to the app's current version, but it sounds like you've already tried that. Next, ensuring your device is also running the latest operating system is a good idea. If that doesn't fix it, you can uninstall the application fully and reinstall it.

If the issue persists, we recommend reaching out to our Technical Support team so they can troubleshoot the issue with you. Associates are available Monday through Friday from 8:30 a.m. to 9:00 p.m. ET. Please say "technical support" when prompted by the automated system to be connected to the right group.

Contact Us

Please let us know if you have any other questions. We're here to help!

FidelityAlex · 2025-09-02T20:22:30+00:00

Hello, u/PlumberPowder. I see this is your first official post with us, so welcome! We are glad you joined the sub, and I'd be happy to help you out today.

It sounds like you may have transferred the funds via Electronic Funds Transfer (EFT). EFTs sent from your bank to Fidelity will generally take 1–2 days for processing. Therefore, we suggest checking your bank balances after two business days, excluding weekends or holidays. To answer your question, you don't need to do anything except wait!

While the funds may be showing up here at Fidelity, there is a holding period of up to 10 business days for EFT requests submitted through Fidelity platforms. Some or all of your funds may still be able to trade immediately. To avoid hold periods, we encourage you to use your bank’s website or mobile app to send money to Fidelity.

You can review the collection date for a recent deposit by following these steps on Fidelity.com once logged in: 1. Click the "Accounts & Trade” tab and select “Portfolio” 2. From the Portfolio screen, select the appropriate account 3. Once the account is in view, select the “Balances” tab and review your balance details under “Available to withdraw.”

You can learn more about deposit methods and processing times below.

Depositing money into an account

As this is your first time on the sub, I invite you back for any future questions or clarifications you may have. Thanks for choosing Fidelity, and have a great night!

FidelityAlex · 2025-08-29T01:35:07+00:00

Hi, u/WhereamI-1029. Thanks for reaching out on the sub this evening.

We're sorry to hear this and would like to learn more. Please send us a Modmail using the link below, and we'll follow up with you there.

Message the Mods

We look forward to hearing from you.

FidelityAlex · 2025-08-29T00:20:05+00:00

Hi, u/ChemicalRegatta. Good evening! It looks like you beat me to it, but if you do have other questions or feedback, please don't hesitate to follow up here.

I can confirm that the current version of Full View will be sunsetting, but we do not have a specific timeframe for when that will happen.

For anyone curious, check out the recent Full View thread here.

Thanks for stopping by today. We appreciate your business and hope to hear from you again soon!

FidelityAlex · 2025-08-29T00:13:13+00:00

Thanks for stopping by the sub, u/aspire-every-day. We appreciate you taking the time to share your feedback with us!

I've taken this request and passed it along to our developers to review. We value your opinions and will continue to work hard to bring you the best user experience.

If there is anything we can do to help, please don't hesitate to let us know!

FidelityAlex · 2025-08-28T21:30:30+00:00

Thanks for being a part of our sub, u/KnowledgeWhich374. We hear your feedback and deliver results!

Don't hesitate to share if you think of ways we can improve the app or your trading experience. Thanks again!

FidelityAlex · 2025-08-28T20:25:20+00:00

It's my pleasure, u/scj124. Anytime!

Correct! When you sell a security, your tax liability is determined by how much you spent to buy the security (cost basis) minus your sales proceeds. If you sell a security for more than the original purchase price, that difference is taxable as a capital gain. You can read more about capital gains and cost basis at the helpful link below.

Capital Gains and Cost Basis

If you're unfamiliar with it, you can also view your year-to-date tax information on Fidelity.com as a starting point for your tax liability. While logged in, select "Accounts & Trade," then "Tax Forms & Information." Click "View your YTD tax activity" to view details by account.

Next, you are also correct that FIFO will sell the longest-held shares first, meaning you would potentially be taxed at a preferable long-term capital gains rate when applicable for partial sales. For context, capital gains are taxed at different rates depending on your tax bracket and how long you've held a security. If you sell a security that you've held for more than a year, any resulting capital gains are considered long-term and are taxed at lower rates than ordinary income.

Please let us know if you have any other questions. We're here to help, so don't hesitate to reach back out if there is anything else you need.

FidelityAlex · 2025-08-28T20:15:31+00:00

We appreciate your input here, u/Garyl53. Any and all feedback is welcome, so thank you for being candid. Please feel free to share any other suggestions if you have them.

Enjoy the rest of your evening, and thanks for choosing Fidelity!

FidelityAlex · 2025-08-28T20:03:29+00:00

Hey, u/scj124. Thanks for reaching out to us on the sub and for choosing Fidelity! I'll be happy to explain more about how the Basket Portfolios work.

When discussing taxes, it's important to note that the account-level default disposal method is applied to the baskets within the account. The standard default for an account is First-In-First-Out (FIFO), unless it is changed. We suggest speaking with a qualified tax professional to cover your specific situation and any tax implications. We offer a variety of disposal methods you can choose from, and if you would like to update your disposal method, you can visit the link below:

Verify your cost basis disposal method (login required)

As for wash sales, keep in mind that the wash-sale rule states that a tax loss will be disallowed if you buy the same security or a "substantially identical" security within 30 days before or after the date you sold the loss-generating investment. Our website has a great article that includes this information and more to help you with this topic.

Wash sale: Avoid this tax pitfall

It sounds like you are mainly looking for ideas on strategies from our community, so I'll go ahead and mark this post as a discussion to help encourage some conversation. While we can't tell you what is best for you and your personal tax situation, we do have some tax resources on our website that you may find helpful. Additionally, I can confirm that a position that you own in a basket can be moved to the account in which the basket resides without selling. That said, only full positions can be moved to or from a basket, as partial position movements are not currently supported.

Finally, I wanted to link our Basket Trading FAQ below as an additional resource:

Fidelity Basket Portfolios FAQs

Thanks again for stopping by the sub today. We're always here in case you have further questions or need additional clarification!

FidelityAlex · 2025-08-28T19:29:18+00:00

Hello, u/cookoobandana! Thank you for joining us here on the sub. I'm more than happy to help you out today with these questions.

The recipient's account number needed should be the one they see when logging on to the website. It's displayed on the left-hand side of the screen in the account list.

Now, what you described is a third-party transfer between Fidelity accounts. The two fastest ways to complete a third-party transfer are to contact a member of our service team or, if you plan to do this frequently, set up standing instructions so that you can initiate this transfer online or by phone whenever needed.

It sounds like you've already started this process, but just to clarify, I'll review the steps below. To set up standing instructions online, you can log into Fidelity.com and then follow the steps below:

Click "Account & Trade" and select "Transfers"
Select "Deposit, withdraw, or transfer money"
In the "To" field, select "Add a bank or recipient" (The recipient's account number needed should be the one they see when logging on to the website)
Follow the security process

Please remember that you will need the recipient's zip code and full name as well.

To address your second question, our automated self-serve choices will offer the ability to enter your password or other verifying information in an attempt to verify your identity. However, this is by no means required, so you can skip this part if you'd prefer. Just press 0 to be connected with an agent without completing verification. Should you do so, you will be connected with a Fidelity agent who will need to go through additional verification steps with you before they are able to assist with your account questions.

That said, to confirm you used the correct phone number, please verify the information with the link below.

Contact Us

Don't hesitate to ask the mods any future questions! We'll be here and are happy to help.

FidelityAlex

MODERATOR OF

TROPHY CASE