Very cool news from Fidelity today. This Friday, August 3rd, 2018, they’ll introduce 2 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, effective immediately. I just logged into my account and already see lower expenses.
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.
Everyone should have an IRA account. Here’s more info on Fidelity’s new mutual funds.