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For purchases and dividend reinvestment. Available on purchases of mutual funds, but dividend reinvestment only on stocks/ETFs. ... Account fees are non-existent at Fidelity, while Vanguard does ...
A dividend reinvestment program or dividend reinvestment plan (DRIP) is an equity investment option offered directly from the underlying company. The investor does not receive dividends directly as cash; instead, the investor's dividends are directly reinvested in the underlying equity.
Distribution and service fees are fees paid by the fund out of fund assets to cover the costs of marketing and selling fund shares and sometimes to cover the costs of providing shareholder services. They are also called 12b-1 fees after section 12 of the Investment Company Act of 1940. "Distribution fees" include fees to compensate brokers and ...
Fidelity offers other investment account options as well, including a Roth IRA for kids and a Youth Account for teens age 13-17. The latter gives a teen full control over their investments before ...
The broker also charges no trading fees on more than 17,000 mutual funds, though other fund expenses may apply, depending on the fund. ... to purchase partial shares of stock and reinvest any ...
The Fidelity Magellan Fund (Mutual fund: FMAGX) is a U.S.-domiciled mutual fund from the Fidelity family of funds. [1] It is perhaps the world's best-known actively managed mutual fund, known particularly for its record-setting growth under the management of Peter Lynch from 1977 to 1990. [ 2 ]
The U.S. Securities and Exchange Commission limits this fee to no more than 2%. But many funds, including VTWAX, have no redemption fees. 12b-1 fees. These fees cover marketing and distribution costs.
As mentioned, Vanguard, Fidelity and Schwab boast many of the same important features. Each allows you to invest in a variety of securities, from equities to funds, without paying fees and ...