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Mutual fund freshman needs help?


Hi,
I have some questions and hope people can share their experience. tks

1.
If I open a accout in Fidelity and only buy funds from them, do i pay to pay sale/purchase fees? any other fees need to pay?

2.
their initial investment requires min $2500 for investment. so if I want to invest certain amout each month, I still have to pay that min to start?

3.
Is it possible that I could choose funds that managed by other fidelity branches? like in UK?How?
like this one
http://www.fidelity.co.uk/wealthmanager/...

4.
Does anyone know how come there are only limited funds invested in Asia? Like UK fidelity, they seems to have lots of them specifically in each countries.

1.
If I open a account in Fidelity and only buy funds from them, do i pay to pay sale/purchase fees? any other fees need to pay?

Answer: For most fidelity funds, no fees IF you hold the fund for the minimum holding period. Holding period varies from 30-180 days.

2.
their initial investment requires min $2500 for investment. so if I want to invest certain amount each month, I still have to pay that min to start?

ANSWER: The minimum is less for IRA and ROTH IRA accounts if you agree to let them make regular withdrawals from your checking account. They will negotiate. They are honest. I recommend this strategy.

3.
Is it possible that I could choose funds that managed by other fidelity branches? like in UK?How? like this one

ANSWER: The limitation is that the fund must qualify for purchase under US law. Do not be misled by UK offerings . . . the UK is very different and the multitude of Asian fund differ from each other very modestly.

In addition to Fidelity funds, you can also select from all stocks, exchange traded funds, and even nonFidelity funds for very small trading fees. So there is no lack of diversity available.

You may have a lot more questions. Assuming that you are just getting started, the MOST important thing to do is to START now. The selection of the right fund is not terribly important when you have very little money. so DON'T let selection delay you. Fidelity is a great company, and if you don't like them, you can change. Open a Roth IRA!

Glad you found my advce helpful . . . Now I'm going to patronize you (nag) . . . Have you opened that Roth IRA yet?

DO IT TODAY! Report It

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