Fidelity Investments App For Beginners | Ultimate Guide

Summary

This video provides a comprehensive guide on using Fidelity's platform for investing, including tutorials on buying stocks, ETFs, and options. The presenter walks viewers through navigating the platform for researching investments and managing various options like trading options and purchasing Certificates of Deposit (CDs). Additionally, the video promotes helpful resources such as a free guide on building an investment portfolio and an option to view the presenter's personal investment strategy through Patreon. The presenter also offers tips and a link to various banks and platforms for different investment options.

Takeaways

• 😀 Fidelity's platform offers a wide range of investment tools and features, including access to stocks, ETFs, options, and CDs.
• 😀 To start trading options, you can switch from stocks to options within the Fidelity platform and search for investments like Apple stock.
• 😀 Fidelity allows easy management of stock trades, including buying, selling, and exploring different investment opportunities.
• 😀 The platform offers a simple process to buy Certificates of Deposit (CDs) in increments of $100 with varying annual yields.
• 😀 CDs are a fixed income security, guaranteeing an interest rate over a selected period of time, which is ideal for conservative investors.
• 😀 The content creator provides a free, detailed guide on how to build an investment portfolio, which is available in the video description.
• 😀 The creator also offers a Patreon where you can view their portfolio and get insights on investment allocation.
• 😀 Fidelity users have access to a variety of educational content, including tutorials and guides to enhance investment strategies.
• 😀 The creator encourages viewers to leave comments with questions about Fidelity, promising to respond and offer assistance.
• 😀 In addition to Fidelity, the creator is partnered with several major banks and investing platforms, providing a link for viewers to explore more options.
• 😀 The creator emphasizes the importance of subscribing to their channel for future investing content and tutorials.

Q & A

What is the primary purpose of using Fidelity’s platform for investing?

Fidelity’s platform is designed to help users research and invest in various financial products, including stocks, ETFs, options, and CDs. It offers tools that make the research and investment process easier, especially for those who are looking for an in-depth view of their investments.

What are the advantages of using Fidelity’s desktop platform compared to the mobile app?

The desktop platform provides more advanced tools and features, which can be especially useful for research. The speaker believes that the desktop version makes it easier to access a wider range of tools and insights, making it a better option for comprehensive analysis.

How does options trading work on Fidelity?

To trade options on Fidelity, you first need to ensure you’re approved for options trading. After that, you can select an investment, such as a stock like Apple, and switch the trade type from stocks to options. This lets you explore different opportunities for trading options, depending on your investment goals.

What are CDs, and how can they be purchased through Fidelity?

CDs (Certificates of Deposit) are fixed-income securities where the investor is guaranteed an interest rate over a set period. They can be purchased easily on Fidelity’s platform by selecting the 'Buy CDs' option, where users can choose from different yields and timeframes based on their financial goals.

What benefits do CDs offer to investors?

CDs provide a guaranteed return on investment, with fixed interest rates over a chosen term. This makes them a low-risk option for investors who prefer stability and predictability in their investments.

How does Fidelity help users understand their investment options?

Fidelity provides an easy-to-use platform with educational content, including guides on various investment products such as stocks, options, ETFs, and CDs. The speaker also suggests using the platform’s tools for research and consulting additional resources like guides on building an investment portfolio.

Why is it important to consider multiple options when choosing investments like CDs or stocks?

Different investment options come with varying risk levels and returns. By considering multiple options, investors can create a diversified portfolio that suits their financial goals and risk tolerance. The speaker emphasizes using the platform to explore and compare different options.

What is the speaker's approach to sharing their investment portfolio with others?

The speaker shares their investment portfolio with their audience through Patreon. This allows viewers to see how the speaker allocates their investments, offering valuable insights into real-world investment strategies.

What additional resources are available for viewers interested in investing?

The speaker offers additional free resources, such as a detailed guide on building an investment portfolio, and provides links to their content on platforms like YouTube and Patreon for more in-depth learning about investing.

How does the speaker encourage viewers to stay engaged with their content?

The speaker encourages viewers to like, subscribe, and hit the notification bell to stay updated on future content. This ensures that the audience is notified of upcoming videos on investing and personal finance.