Post by anitya on Feb 2, 2021 0:03:13 GMT
Say, I am interested in selling a TRP fund and buying another TRP fund with the sale proceeds using a single trade ticket.
Fidelity website says,
"You can sell to buy mutual funds within the same family (exchange) or across different families. When you sell to buy across different families the trade normally executes over two business days. Typically, the sale will execute at the next available price and the purchase will execute on the next business day. This process will expose you to the risk of market fluctuations, please make sure you wish to proceed with this trade."
I have done the above with fidelity funds and it works - you sell one and buy another fidelity fund with a single trade ticket and both trades get the same trade date and you get to use 100% of sale proceeds for the buy transaction. Does it work the same way at Fidelity for non-Fidelity funds from the same fund family as well? or does Fidelity give you a later trade date for the buy transaction? The quoted text indicates it works for non-Fidelity funds as well. Given my recent experiences with Fidelity, I thought I should double check with you for your experience.
Thanks for sharing.
Fidelity website says,
"You can sell to buy mutual funds within the same family (exchange) or across different families. When you sell to buy across different families the trade normally executes over two business days. Typically, the sale will execute at the next available price and the purchase will execute on the next business day. This process will expose you to the risk of market fluctuations, please make sure you wish to proceed with this trade."
I have done the above with fidelity funds and it works - you sell one and buy another fidelity fund with a single trade ticket and both trades get the same trade date and you get to use 100% of sale proceeds for the buy transaction. Does it work the same way at Fidelity for non-Fidelity funds from the same fund family as well? or does Fidelity give you a later trade date for the buy transaction? The quoted text indicates it works for non-Fidelity funds as well. Given my recent experiences with Fidelity, I thought I should double check with you for your experience.
Thanks for sharing.
