Latest news with #FidelityGo
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Fidelity Go Review 2025
Fidelity Go review Fidelity Go launched in 2016 as a complement to Fidelity's investment offerings. Fidelity was founded in 1946 as a research and management company. Over the years, it has grown into one of the largest investment and advisory companies in the world, with more than $15 trillion in assets under administration. One of the most notable features of Fidelity Go is its access to Fidelity's fund offerings and knowledgeable advisors. Fidelity Go is truly a hands-off approach to investing, with few customizable options and no specialty funds. Fidelity Go offers automatic rebalancing and an annual review. For Fidelity customers with an existing account, it might be possible to convert your account to a Fidelity Go account. Fidelity Go investment options Fidelity Go draws from Fidelity Flex funds, which are proprietary and have zero expense ratios. Depending on your investment strategy and timeline, the robo advisor constructs your portfolio using a mix of these funds. The funds generally include domestic and foreign stocks, domestic bonds and short-term investments. There isn't an option to include exposure to assets like real estate investment trusts (REITs), foreign bonds or commodities. Fidelity Go doesn't offer access to cryptocurrency. In terms of customizability, Fidelity Go allows you to set reasonable restrictions for your portfolio. You must go to your account profile and review available restrictions and select those that fit your preferences. Fidelity Go features As you choose a robo advisor, consider whether it has the features you're looking for. Take into account how much customization you prefer, as well as the type of fund choices you want. Here are some of the features you can access if you open a Fidelity Go account: Supported accounts: Choose from joint and individual taxable accounts, trust accounts and IRAs (traditional, Roth and SEP). Fidelity Go also has a health savings account (HSA) option you can use for qualified medical expenses. Choose from joint and individual taxable accounts, trust accounts and IRAs (traditional, Roth and SEP). Fidelity Go also has a health savings account (HSA) option you can use for qualified medical expenses. Automatic rebalancing: As with many robo advisors, Fidelity Go will automatically rebalance your account when the asset allocation strays too far from your strategy. As with many robo advisors, Fidelity Go will automatically rebalance your account when the asset allocation strays too far from your strategy. Annual review: No matter your level of investment, Fidelity Go includes an annual review to update your information, including your goals, and uses that information to update your allocation. No matter your level of investment, Fidelity Go includes an annual review to update your information, including your goals, and uses that information to update your allocation. Customer support: Fidelity offers 24/7 phone support, as well as extended live chat hours and access to a subreddit that offers information and answers to questions. Fidelity offers 24/7 phone support, as well as extended live chat hours and access to a subreddit that offers information and answers to questions. Access to advisors: Once your account balance reaches $25,000, you're eligible for unlimited access to 1-on-1 calls with trained financial advisors. It's possible to get help with goal planning and other aspects of managing your finances in 30-minute coaching calls. How Fidelity Go works Fidelity Go has no minimum balance to open an account, but it does require that your balance reach $10 for you to start investing. When you open an account, you provide information about who you are, your financial goals and your timelines. Fidelity Go then puts together an investment strategy for you. As you add money to your account, Fidelity manages on your behalf with the help of algorithms. It's possible to set up recurring transfers so you always have money to invest. You can choose weekly, bi-weekly or monthly transfers. Once a year, Fidelity checks in with you to determine whether your goals are the same and if adjustments should be made to your strategy and the management of your account. It's important to note that customization is limited and Fidelity Go will choose the funds that comprise your portfolio. Contributions to Fidelity Go accounts are limited by the type of account you have. There's no limit for taxable accounts, but tax-advantaged accounts, like IRAs and HSAs, are subject to federal contribution limits. Fidelity Go fees and pricing Fidelity Go fees and pricing are fairly straightforward and in line with other popular robo advisors. Fidelity Go charges no fee for the first $25,000 under management. Once your account reaches $25,000, you start paying a 0.35% advisory and management fee. This fee includes access to unlimited 30-minute coaching sessions with Fidelity financial advisors. With very rare exceptions, you don't need to worry about expense ratios on funds. Fidelity Go accounts invest in Fidelity Flex funds, which are proprietary, branded by Fidelity and carry no fund fees or expense ratios. There might be some funds with expense ratios, but they are few and far between and most Fidelity Go customers won't see them. How to sign up for a Fidelity Go account Anyone who is at least 18 and a U.S. resident can open a Fidelity Go account. You must provide basic information required anytime you open an investment account, including: Name Social Security number Address Email Phone number Date of birth Whether you are a significant shareholder, executive or board member for a publicly traded company You also typically need to provide information about your income and employment, describe your level of experience as an investor and answer questions that can help Fidelity determine your risk tolerance. The questionnaire might also ask about your goals and timelines. Once your account is created, you can provide your bank account information to set up recurring transfers and let Fidelity Go handle the rest. Fidelity Go Pros and Cons
Yahoo
22-07-2025
- Business
- Yahoo
4 Clever (and Less Risky) Ways To Use AI for Investing
From stock bots to ChatGPT prompts, artificial intelligence (AI) is not only here to stay, but it's making its way into aspects of people's lives where it once might have seemed impossible: investing. While you probably shouldn't fire your broker or let AI make all of your investing decisions, there are some good uses for it. Find Out: Read Next: AI is especially useful if you think of it as a tool to support and supplement your investments but not to replace professional advice or other practical expertise. Here are four ways to use AI for investing that are not only useful but actually quite smart. Use AI To Automate Your Portfolio Automated, AI-driven online advisors ('robo-advisors') may not be able to give you a nuanced overview of your specific portfolio, but they can help you make some basic decisions including how to generally allocate assets, how to rebalance a portfolio or how to minimize your tax impact. From Fidelity Go to Betterment, there are many finance-based robo-advisors available to set you up with information that can help you assess and even automate aspects of your portfolio. You don't, however, want to make any big changes without first running them by a financial professional. Learn More: Use for Investing Research, but Always Fact Check One of the best uses of AI in investing is to help educate yourself, whether to define terms (dollar-cost averaging, anyone?), understand general market trends ('What's a bull market?') or summarize lengthy financial information (a company's earnings call). Tools like Morningstar's Mo or offer AI-generated answers to users' financial questions. Grounding yourself in financial terms is a great starting point for becoming a smarter investment. However, always fact check information you get from AI before you use it in any significant way. It's one thing to toss around a new investing term you learned at a party, another thing to reallocate your portfolio because AI told you to. Use To Spot Trends, but Not Predict the Future AI is a pattern-finding and analyzing dynamo, able to process millions of data points and detect trends at amazing speeds that humans might miss. However, picking out trends does not mean it can predict the future. In fact, it's notoriously bad at this, because it turns out that being able to pick a hot stock is a uniquely human trait, borne of things like instinct and experience and history as well as the trends and patterns that AI can find. This lends itself best to long-term investing strategies versus day-trading hype. Use for Risk Management One of the smartest ways to use AI in your investing strategy is for risk management, making sure you're not over-concentrated in one asset, especially a risky one. AI can take a high-level overview of your portfolio and flag potential red flags that you can either solve on your own or seek a professional's help with. Additionally, you can use AI to track your investments against market conditions to help you resist emotional decision-making — like chasing trends or holding on to underperforming assets too long. It can help you become a more strategic investor. Avoid AI Investing Mistakes You can't call your friends a tool — it's an insult — but AI won't be offended, because it is a tool. A helpful tool to fill in when you don't have a finance professional at your fingertips. Don't blindly follow AI stock picks or investing bots. All AI gives incorrect or even made up (hallucinated) information at times. Think of AI as your investing assistant, one whose work still needs checking. While it won't replace a finance professional, it can assist you in your investing goals. More From GOBankingRates 25 Places To Buy a Home If You Want It To Gain Value This article originally appeared on 4 Clever (and Less Risky) Ways To Use AI for Investing
