Placeholder Entry - Fidelity

Every month I get a placeholder entry in two of my Fidelity accounts for a few cents of Fidelity cash reserves. Why do I get this? How do I correct my register to avoid this entry? Everything balances to the penny. Thanks, Ed

SELL the Cash Reserves positions and just hold the $ as a cash position within the account. The placeholders will go away.

I also hold FCR (both within Fidelity mutual fund accounts and brokerage accounts) and finally stumbled upon this technique to eliminate those annoying messages.

Dan

I assume you're referring to when Cash Reserves shares are sold ... but since they're a constant $1, and since you'd -- per my advice -- be selling ALL of the FCR holdings, what difference does it make? When you sell ALL of a holding, Q doesn't ask for lot info. And there's no CapGain consideration when there's a constant $1 NAV.

Also, on my prior post, I should have said that FUTURE placeholder messages for the cash holdings will no longer appear. If you have previous placeholders, for FCR or another position in the account, they'll be unaffected by selling all of the FCR.

Dan

NO, you won't. The placeholder is being created because the OP (like myself previously) had a cash position recorded as FCR (the moneymarket shares) and the position was being DOWNLOADED as cash.