As an investor, you are always looking for opportunities to maximize your returns on investment. One way to do this is to consider investing in a managed portfolio such as Fidelity Go. Fidelity Go is an online investment portfolio management service that is designed to provide investors with a cost-effective and convenient way to invest their money.
To get started with Fidelity Go, you must first sign a management agreement. This agreement outlines the terms and conditions of the service, including the management fees, investment objectives, and the strategies that will be employed to achieve those objectives. It is important to carefully review and understand the agreement before signing it, to ensure that you are comfortable with the investment decisions that will be made on your behalf.
The management fees for Fidelity Go are based on a percentage of the assets under management, typically ranging from 0.35% to 0.40%. This fee covers all investment management services, including portfolio construction, rebalancing, tax-loss harvesting, and ongoing monitoring. The fee is deducted automatically from your account balance on a quarterly basis.
When you sign up for Fidelity Go, you will also be asked to complete a risk tolerance questionnaire. This questionnaire helps to determine your investment objectives and risk tolerance, which in turn helps to inform the investment strategies that will be employed on your behalf. Fidelity Go uses a range of asset classes, including stocks, bonds, and cash, to construct a diversified portfolio that aligns with your investment objectives and risk tolerance.
One of the key benefits of Fidelity Go is its simplicity and convenience. Once you have signed the management agreement and completed the risk tolerance questionnaire, the team at Fidelity Go will handle the rest. They will construct and manage your portfolio on an ongoing basis, making investment decisions that are aligned with your objectives and risk tolerance. This frees up your time and energy to focus on other important things in your life.
In conclusion, if you are looking for a cost-effective and convenient way to invest your money, you should consider Fidelity Go. It provides a managed investment portfolio that is tailored to your investment objectives and risk tolerance, and its management agreement ensures that you understand the terms and conditions of the service before getting started. With Fidelity Go, you can trust that your investments are in good hands and that you are on the path toward achieving your financial goals.