Introduction
Investing your money is one of the best ways to grow your wealth. With so many investment firms in the market, finding the right one for you can be overwhelming. Fidelity Investments is one of the most popular investment firms in the United States, with over $8 trillion in assets under management. In this article, we’ll take a look at Fidelity Investments and review why you should consider investing with them.
History of Fidelity Investments
Fidelity Investments was founded in 1946 by Edward C. Johnson II. The company started as a mutual fund firm and eventually expanded into other investment vehicles, such as ETFs, stocks, bonds, and more. Fidelity has grown to become one of the largest investment firms in the world, with over 50,000 employees and offices in 25 countries.
Types of Investments Offered by Fidelity
Fidelity offers a wide range of investment options to suit different investors. They offer mutual funds, ETFs, stocks, bonds, options, and more. Fidelity also offers retirement accounts, such as 401(k), IRA, and Roth IRA accounts. They also have a robo-advisor service, Fidelity Go, which is a great option for beginners who want a hands-off approach to investing.
Low Fees
Fidelity is known for their low fees, making them a great option for investors who want to keep their costs low. They offer commission-free trading for stocks, ETFs, and options. Their mutual funds also have low expense ratios, with some funds having expense ratios as low as 0.02%. This means that you get to keep more of your investment returns, which can compound over time.
Research and Tools
Fidelity offers a wide range of research and tools to help investors make informed investment decisions. They have a robust research section on their website, which includes market analysis, company research, and more. They also offer tools such as portfolio analysis, retirement planning, and tax planning tools.
Customer Service
Fidelity is known for their excellent customer service. They have a 24/7 customer service hotline, as well as a chatbot on their website. They also have over 200 branches across the United States, making it easy for investors to get in-person help if needed.
Mobile App
Fidelity has a mobile app that allows investors to manage their investments on-the-go. The app has a user-friendly interface, and investors can trade stocks, ETFs, and options directly from the app. The app also offers real-time market data and news.
Pros and Cons of Investing with Fidelity
Pros
- Low fees
- Wide range of investment options
- Excellent customer service
- Robust research and tools
- User-friendly mobile app
Cons
- Some mutual funds have high minimum investment requirements
- Not all ETFs are commission-free
Conclusion
Fidelity Investments is a great investment firm for investors who want a wide range of investment options, low fees, excellent customer service, and robust research and tools. They also have a user-friendly mobile app, making it easy for investors to manage their investments on-the-go. While there are some cons, such as high minimum investment requirements for some mutual funds and not all ETFs being commission-free, the pros outweigh the cons. Consider investing with Fidelity for your long-term investment goals.
