Fidelity Minimums

Hi everyone,

I recently setup a RothIRA with Fidelity. Most of the funds I'm interested in have either a 2.5k or 5k minimum investment. I've already contributed a few thousand to my account, but it is currently just sitting with Fidelity (I haven't actually specified which funds I would like to buy). Am I safe leaving this money here until I reach the 5k minimum, or would it be better to invest in something else, then trade it back in a few months when I have enough to invest the

5k?

Thanks for your help!

Reply to
teaks
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Reply to
Sandra Loosemore

The money is safe.

But I believe Fidelity waives it's minimums if you set up an automatic deposit plan for IRA's.

--ron

Reply to
Ron Rosenfeld

I know that several mutual funds have lower initial investment requirements, but I'm focusing mostly on Fidelity's line of index funds. Looks like I'm going to have to wait a little bit before I can dip into them.

Reply to
teaks

Yes, I think some of their Spartan funds have as much as a $100,000 initial minimum investment requirements.

However, the various prospectuses indicate that with certain retirement plans, and with regular payroll deductions, those minimums do not apply.

Are you absolutely certain that in your case the higher minimums will apply? Sometimes, the only way to find out, is to check with a representative over the phone or in person.

--ron

Reply to
Ron Rosenfeld

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