Fidelity has announced some good news for mutual fund investors: Short-term trading fees are going away for 75 of the company’s funds. That’s about half of the Fidelity funds that have carried such fees.
The Sound Mind Investing strategy most vulnerable to short-term trading fees is Fund Upgrading, although that vulnerability is relatively minimal because recommended funds are rarely sold within the short-term trading fee window. Still, even the possibility of being charged a fee can give some investors pause, so this is a positive development.
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