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Did Fidelity Just Become the Best Investment Bank? 4 New FREE Funds!

Very cool news from Fidelity.  There are 4 new total market funds with ZERO management expenses and NO minimums to start investing.

Plus, they’ve slashed fees and minimums on several other funds.

I wrote about the best IRA accounts and which banks let you start investing right away with a single $1. What’s cool with Fidelity is you can pair your IRA with the Fidelity Visa, which earns 2% cashback on every purchase. Then sweep the cashback rewards into one of these free index funds. The card is free to have – so it’s literally free money to invest into free funds.

fidelity zero index funds

Fidelity just made a bold move with 2 FREE funds

Everyone should have an IRA account. Here’s more info on Fidelity’s new mutual funds.

Fidelity Zero index funds

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Yay! A Huge 89-Point Jump for an Authorized User’s Credit Score!

Or, Lightning Strikes Twice!

I shared how my brother’s credit score jumped 100+ points in a month after I added him to one of my credit cards. He had literally nothing on his credit report.

Last month, I added an authorized user to a 5-year old (no annual fee!) credit card with a $13,000 credit limit. The statement closed on July 3rd. And on July 11th (a week later), we pulled his credit report.

add authorized user

My AU’s credit score went up 89 points in under a month

His new score (according to Credit Sesame) is now 732 – 89 points more than it was this time last month! (FWIW, it was the same on Credit Karma, too.)

After adding my brother, and now with this new experience, I’m convinced how beneficial it can be to add authorized users to old cards with a high limit. And why it’s so important to have a couple of cards with NO annual fees in your wallet.

This AU had one negative mark, but all my info transferred

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Everyone Should Dump Stupid Bank Fees (5 Options to Consider)

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If you’re paying fees to access your own money, it’s time to dump your stupid bank.

Do it now do it now DO IT NOW. If you pay $10 a month for not carrying a minimum balance, $2 to request a balance, or ATM fees when you need to withdraw money, vote with your feet. Get. Out. NOW.

dump your bank

Nope nope nope

I’ll share bank accounts that are completely FREE to have and use with NO minimum. Oh, and you don’t need a physical branch.

Get a FREE bank account (don’t pay to access your own money!)

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Best IRA Accounts: 8 Companies Compared (Self-Directed, Apps, & Roboadvisors)

Update 8/3/18: Fidelity now has the cheapest fees and NO minimums to start investing. Check out my full write-up!

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A couple weeks ago, I wrote about Acorns, an app I think is a great place to get started with investing (especially for millennials). Talking about investing is dicey. For one, because it’s personal (duh). For that reason, everyone has an opinion on it. And that’s where the confusion starts.

My view is: it doesn’t matter where you begin, so long as you do. You can always switch things around later. To that end, I feel Acorns has the most approachable interface for a beginner “despite” costing $1 a month. And there’s no minimum to start investing.

best ira accounts

The best time to plant a tree was 20 years ago. The second best time is RIGHT THIS SECOND. Start NOW!

That said, it’s an app and doesn’t let you choose your own funds (you pick from their portfolios). Same with StashWealthsimple, and Betterment. Of course, you’ll get the best deal with a self-directed account – but the minimums are dauntingly high for a beginner, with the exception of TD Ameritrade.

I’ll compare these companies for expenses, account and fund minimums, and quirky extras:

I am focusing on IRAs here – although they all have the option to simply be an investment account (which is why I excluded Robinhood – they do NOT have IRAs).

8 Best IRA Accounts Compared

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Need a Checking Account With NO Fees, Minimums, or ATM Charges EVER? Try These.

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It’s been over 2 years since I first professed my love for the Fidelity Cash Management account. And about the same amount of time since I wrote about the Aspiration Summit account.

best no fee checking accounts

My love ❤

Both are fantastic checking account options because there are no fees, no minimum balances, and no direct deposit requirements. Essentially they’re free to open and keep forever, even if you never use them. Even better, both accounts reimburse ATM fees from ANY ATM in the world. And neither account incurs a hard credit pull to open.

There are a couple of key differences to them, though. I’ll highlight what they are. But, bottom line, you should have at least one of these accounts – if not both!

1. Fidelity Cash Management Account

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16 Points & Miles Predictions for 2016

Happy New Year! I thought I’d hop on the bandwagon with the predictions. So here’s my effort.

"Everyone else is doing it, so why can't we?"

“Everyone else is doing it, so why can’t we?”

2015 was a crazy year

A portrait of the Fidelity AMEX card

A portrait of the Fidelity AMEX card

Out and Out’s Points and Miles Predictions for 2016

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The 2 Best No Annual Fee Cashback Cards: Fidelity AMEX and Discover it® Cashback Match™

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Or, you’re crazy not to get these 2 cards. They’re free money!

I’m reviewing my cards because it’s getting to the end of the year and doing a little maintenance on what needs to get dumped or renewed.

On the dump list is:

I need to clear out some clutter because I recently added:

Out with the old, in with the new as they say.

But, there are 2 cashback cards definitely worth keeping and/or getting. And yes, there’s a distinction.

Keep the Fidelity AMEX forever

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Discover it® Cashback Match™ Is an Amazing Cashback Card (For the 1st Year at Least)!

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My new Discover It card came in the mail this week, in very nice packaging.

I activated it online and got about to exploring Discover Deals now that I have full access.

And I might have to change my tune now.

I’ve long heralded the Fidelity AMEX as the best cashback card.

But now I’ll refer to it as the best ongoing cashback card. Because, the 1st year at least, the Discover It has it beat by a mile.

I’ll still get great use out of the Discover It card the 2nd year, albeit much reduced.

The 1st year, this card is good for an easy $600, at least. And I’m even thinking this no annual fee card has the potential for over $1,000 back.

Getting the Discover It card

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No Annual Fee Cards + Personal Finance: Why You Need (At Least) One

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Like it or not, in this country you need good credit. It’s as avoidable as death or taxes. As in, not at all.

Starting out with credit cards, you’ll encounter a catch-22: you need good credit to get a credit card, but you need a credit card to build good credit.

No annual fee cards are NOT boring. In fact, they have some innovative rewards!

No annual fee cards are NOT boring. In fact, they have some innovative rewards!

A good place to start is no annual fee cards.

For beginners

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