If you're a Fidelity investor, you may find yourself wanting to change your investment options at some point. Whether you're looking to diversify your portfolio or make adjustments based on market trends, Fidelity provides a straightforward process for making these changes. In this step-by-step guide, we'll walk you through the necessary steps to change your investment options on Fidelity.
Step 1: Log in to your Fidelity account.
The first step to changing your investment options on Fidelity is to log in to your account. Enter your username and password on the Fidelity homepage and click on the "Log In" button. Once logged in, you'll have access to your investment portfolio and the necessary tools to make changes.
Step 2: Access your investment options.
Once you're logged in, navigate to the "Portfolio" tab on the top menu. Here, you'll find a dropdown menu labeled "Investment Options." Click on this menu to access your current investment options.
Step 3: Select the investment option you want to change.
Review your current investment options and identify the one you want to change. Click on the option to select it.
Step 4: Make the desired changes.
After selecting the investment option you want to change, you'll be taken to a page that provides details about the option. Here, you can make the changes you desire, whether it's adjusting the allocation, changing funds or securities, or modifying any other aspect of the option. Follow the on-screen instructions and fill in the necessary information to make the desired changes.
Step 5: Review and confirm your changes.
Before finalizing your changes, take a moment to review all the modifications you've made. Ensure that the changes align with your investment goals and preferences. Once you've confirmed that everything is in order, click on the "Submit" or "Save" button to implement your changes.
Remember, changing your investment options can have a significant impact on your portfolio. It's always a good idea to consult with a financial advisor or do thorough research before making any changes. By following this step-by-step guide, you'll be well-equipped to change your investment options on Fidelity and navigate the process with confidence.
Accessing Your Fidelity Account
Before you can change your investment options on Fidelity, you need to access your account. Follow these steps to log in:
- Go to the Fidelity website (www.fidelity.com).
- Click on the "Log In" button located at the top right corner of the page.
- Enter your username and password in the appropriate fields.
- Click on the "Log In" button to proceed.
If you don't have a Fidelity account yet, you can create one by clicking on the "Register" link on the login page and following the instructions provided.
Once you have successfully logged in to your account, you will be able to make changes to your investment options.
Navigating to the Investment Options Section
To change your investment options on Fidelity, follow the step-by-step guide below:
- Login to your Fidelity account using your username and password.
- Once logged in, navigate to the "Accounts & Trade" tab at the top of the page.
- Under the "Accounts & Trade" tab, you will see a drop-down menu. Click on the option that says "Portfolio."
- In the "Portfolio" section, you will find a list of all your investment accounts. Select the account for which you want to change the investment options.
- After selecting the account, you will be taken to the account details page. Look for the "Investment Options" section and click on it.
- In the "Investment Options" section, you will see a table with a list of the available investment options for your account. This table will include the name of the investment option, the ticker symbol, the expense ratio, and other important information.
- To change your investment options, simply select the checkbox next to the option(s) you want to add or remove from your portfolio.
- Once you have made your selections, click on the "Save" or "Apply" button to confirm the changes.
- Review your changes to ensure they have been applied correctly.
Following these steps will allow you to easily navigate to the investment options section on Fidelity and make the necessary changes to your investment portfolio.
Reviewing Your Current Investment Options
Before making any changes to your investment options on Fidelity, it's important to review your current portfolio to understand how it aligns with your investment goals and risk tolerance. Here's a step-by-step guide to help you review your current investment options:
| Name | Symbol | Type | Expense Ratio | Performance |
|---|---|---|---|---|
| Fidelity 500 Index Fund | FUSEX | Index Fund | 0.015% | 9.5% |
| Fidelity Contrafund | FCNTX | Mutual Fund | 0.74% | 12.2% |
| Fidelity Total Bond Fund | FTBFX | Bond Fund | 0.45% | 4.7% |
Take a close look at each investment option and consider the following:
- Name: The name of the investment option.
- Symbol: The ticker symbol used to identify the investment option.
- Type: The type of investment option, such as index fund, mutual fund, or bond fund.
- Expense Ratio: The annual fee charged by the investment option.
- Performance: The historical performance of the investment option.
Compare the expense ratios and performance of each investment option to determine if any adjustments need to be made. It's also important to consider your own risk tolerance and investment goals when reviewing your options.
If you're unsure about any of your investment options, consider consulting with a financial advisor who can provide personalized guidance based on your individual situation.
Modifying Your Investment Options
Once you have opened an account with Fidelity and set up your initial investment options, you may find that you want to make changes to your portfolio over time. Modifying your investment options is a straightforward process that can be done online.
To modify your investment options on Fidelity, follow these steps:
- Log in to your Fidelity account using your username and password.
- Once logged in, select the "Account Maintenance" tab at the top of the page.
- From the drop-down menu, choose "Investment Options."
- On the "Investment Options" page, you will see a list of your current investments. To make changes, click on the "Modify" button next to the investment you want to adjust.
- After clicking "Modify," you will be directed to a new page where you can update the investment details. Here, you can choose to add or remove funds, change the allocation, or update any other relevant information.
- Once you have made the desired changes, review them and click "Submit" to save your modifications.
It is important to remember that modifying your investment options may have tax implications or other consequences, so it is recommended that you consult with a financial advisor or tax professional before making any significant changes.
By following these steps, you can easily modify your investment options on Fidelity and adjust your portfolio to better suit your financial goals and risk tolerance.
FAQ:
How do I change my investment options on Fidelity?
To change your investment options on Fidelity, you need to log in to your account and navigate to the "Account Features" section. From there, you can select the investment option you want to change and follow the prompts to make the necessary adjustments.
Can I change my investment options on Fidelity anytime?
Yes, you can change your investment options on Fidelity at any time. Fidelity offers flexible investment options that allow you to make changes to your portfolio based on your individual needs and goals.
Is there a fee associated with changing my investment options on Fidelity?
Fidelity may charge a fee for certain transactions, including changing your investment options. The fee amount varies depending on the specific transaction and the type of account you have. It's always a good idea to review the fee schedule or contact Fidelity directly to understand any potential costs before making changes to your investments.