Personal Finance (Not Investing) • Fidelity as a one stop shop

I have a few dollars in one of my IRA accounts where 100% of the holdings are in an ETF, except for the small % of cash that's in the account.

Is there a way to actually make it 100% in equities and use the remaining few dollars to purchase the ETF? I already have automatic dividend reinvesting setup in the account so wondering what the best way to get rid of the small % of cash that's left in the account.

You can buy fractional shares of ETFs. When you go to make a trade pick dollars instead of shares.

Also if it bothers you that much withdraw the few dollars and pay the minimal early withdrawal penalty

You could probably withdraw up to $0.49 a year from each IRA and avoid all taxes penalties on that money.

I buy fractional shares and I've learned to ignore the leftover cents.

So for you all who are buying or selling fractional shares, any of care that they are market orders vs. limit orders? I am beginning to think my purchasing of limit orders and trying to save a cent here, 2 cents there, is all meaningless vs. just place it, get it done. Purchasing in dollars (fractional shares) does bring back that nostalgia from buying MF and not sweating the bid/ask.

Statistics: Posted by bbrock — Wed Apr 03, 2024 2:27 am — Replies 6085 — Views 1048969

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