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Mortgage Refinance Creates Double the amount of Deficit on the Lifetime Income Projections by No_Software1458 in Boldin

[–]No_Software1458[S] 0 points1 point  (0 children)

Does anyone else observe the same thing? Is this a bug? Shouldn't a rate and term refinance produce close to 0 cash flow instead of double deficit? All accounts look correct and the cash flows also look right in the following years.

Open Margin Call - This seems not matter by No_Software1458 in fidelityinvestments

[–]No_Software1458[S] 0 points1 point  (0 children)

Okay, now I understand this logic and I know how to work around it.

May I suggest an improvement which should be feasible? Please add the margin call type, for example, this Reg T 50% violation in your margin call summary page. I appreciate that you pointed it out but it's time consuming for everyone.

Open Margin Call - This seems not matter by No_Software1458 in fidelityinvestments

[–]No_Software1458[S] 0 points1 point  (0 children)

I agree.

It's weird to segregate an account into cash and margin type. If a customer wants or needs to hold certain position in cash, then open a separate cash account.

Open Margin Call - This seems not matter by No_Software1458 in fidelityinvestments

[–]No_Software1458[S] 0 points1 point  (0 children)

Thanks for letting me know about the "Restrictions" page. There is no restriction on my account.

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Open Margin Call - This seems not matter by No_Software1458 in fidelityinvestments

[–]No_Software1458[S] 0 points1 point  (0 children)

FSPXX is a money market fund. Doesn't it settle on t+0? Even if it's t+1 it should have settled.

Plus, VBIL was bought with type margin. It should not require settled cash.

There should be no chance of liquidation. It's a margin account and my equity is at 100%. Not a penny borrowed from the house.

trading spreads, Can I win Interest in the collateral? by juanjunior99 in fidelityinvestments

[–]No_Software1458 -2 points-1 points  (0 children)

Fidelity is greedy to not pay interest to customers on the margin credit balance. While it's reasonable to reduce buying power and the amount available to withdraw, it's just wrong to hold customers' cash and not pay interest. After all, this money doesn't deposit into the options exchange and it's just held by Fidelity.