To recap, I said I prefer funds because I can easily rebalance between funds with one transaction and I get obtuse responses that fidelity makes it “really easy to exchange funds”. It’s still unclear what steps fidelity requires to rebalance between ETFs.Hmm, I'm not sure how you're reading it that way. Nothing was mentioned about an exchange. It seems to be just the usual "I want to buy $x.xx of an investment." But maybe Gradient Descent will clarify.Just to clarify, is this is a one step/transaction process? You enter a transaction to move, for example, $3453.78 from a total US market ETF to a total bond ETF?At Fidelity, you can auto-purchase ETFs to the exact dollar, just like a mutual fund.
Used to be that buying in dollar & cents amounts could only be done with mutual funds. For ETFs and stocks you had to buy in units of whole shares.
Nowadays some brokerages support the option of buying or selling in terms of dollars and cents. Whether they also support an "exchange" option is another question.
Statistics: Posted by murrays — Wed Feb 28, 2024 3:04 pm — Replies 40 — Views 3385