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tools investment products mutual funds retirement & iras trading stocks fixed income bonds & cds etfs options sector investing cash management & credit cards managed accounts 529 college savings annuities life insurance & long term care customer service open an account why fidelity refer a friend log in customer service open an account why fidelity refer a friend log out time sensitive messaging october is national cyber security awareness month . for a higher level of security we recommend you use a different password for fidelity.com than you use for other sites . change password now need help open an account open an account log out don t overpay for bonds at fidelity each bond you purchase online is just 1 . morgan stanley wells fargo merrill lynch and td ameritrade charge 13 more per bond on average . get details trading rated 1 overall broker by barron s investor s business daily and stockbrokers.com for our research tools and trade execution . open an account mutual funds our global research gives you the confidence to build your portfolio from a huge selection of proven mutual funds . learn more retirement our broad choice of investments can help you reach your retirement goals whether you re starting out or retiring . open an account today s market djia information currently unavailable nasdaq information currently unavailable s & p 500 information currently unavailable your today s markets information is currently unavailable . we apologize for any inconvenience . please try again later . investing calls for clarity investing isn t always simple but our straightforward language and guidance can help make it simpler . get details prepare taxes for year end consider a tax smart to do list to potentially help reduce your 2016 taxes . we make rolling over your old 401 k easy we ll help you roll over your old retirement plan so you can enjoy our wide variety of investment options and one on one guidance . top online broker 2016 fidelity ranks 1 for the fifth time in kiplinger s annual broker survey . we re rated best in commissions and fees research tools online ease of use and more . get details review fidelity brokerage services with finra s brokercheck see why millions choose us for financial planning and advice from investment strategies to portfolio management helping you and your family reach your financial goals is at the heart of everything we do . let s get started we re here to help however and whenever you need it no matter what financial questions you have we re here to work with you on your terms . questions 800 343 3548 chat with a representative find an investor center get insights from our experts how can i make my savings last limit withdrawals to no more than 4 % to 5 % in the first year of retirement and adjust for inflation annually . key takeaways for q4 2016 the global economy continued to hold up and stock markets bounced back but interest rate concerns remain . energy stocks what s next why oil prices may rise which companies may benefit and what the election may mean for the sector . see all fidelity viewpoints articles sign up for fidelity viewpoints get a weekly email of our pros current thinking about financial markets investing strategies and personal finance . first name please enter a valid first name . e.g. john d monte first name is required . first name can not exceed 30 characters . please enter a valid first name . e.g. john d monte last name please enter a valid last name . e.g. doe . last name is required . last name can not exceed 60 characters . please enter a valid last name . e.g. doe . email enter a valid email address . e.g. name fidelity.com . email is required . email address must be 5 characters at minimum . email address can not exceed 100 characters . please enter a valid email address . e.g. name fidelity.com . subscribe thank you for subscribing . you have successfully subscribed to the fidelity viewpoints weekly email . you should begin receiving the email in 7 10 business days . we were unable to process your request . please click here to go to viewpoints signup page . ready to get started it s easy opening an account takes just minutes . open an account or call us at 800 343 3548 other fidelity sites for individuals for employers for investment professionals sell orders are subject to an activity assessment fee from 0.01 to 0.03 per 1 000 of principal . trades are limited to online domestic equities and options and must be used within 180 days . options trades are limited to 20 contracts per trade . offer valid for new and existing fidelity customers opening or adding to an eligible fidelity ira or fidelity brokerage retail account . accounts receiving 50 000 or more will receive 300 free trades . account balance of 50 000 must be maintained for at least 9 months ; otherwise normal commission schedule rates may be retroactively applied to any free trade executions . see fidelity.com atp300free for further details . free commission offer applies to online purchases of fidelity etfs and select ishares etfs in a fidelity brokerage account . fidelity accounts may require minimum balances . the sale of etfs is subject to an activity assessment fee from 0.01 to 0.03 per 1 000 of principal . ishares etfs and fidelity etfs are subject to a short term trading fee by fidelity if held less than 30 days . etfs are subject to market fluctuation and the risks of their underlying investments . etfs are subject to management fees and other expenses . unlike mutual funds etf shares are bought and sold at market price which may be higher or lower than their nav and are not individually redeemed from the fund . stock markets especially foreign markets are volatile and can decline significantly in response to adverse issuer political regulatory market or economic developments . foreign securities are subject to interest rate currency exchange rate economic and political risks . the securities of smaller less well known companies can be more volatile than those of larger companies . there is no guarantee that a factor based investing strategy will enhance performance or reduce risk . before investing make sure you understand how the fund s factor investment strategy may differ from more traditional index products . depending on market conditions fund performance may underperform compared to products that seek to track a more traditional index . the return of an index etf is usually different from that of the index it tracks because of fees expenses and tracking error . an etf may trade at a premium or discount to its net asset value nav . investing involves risk including risk of loss . unlike most fdic insured bank products investment return and principal value of an investment will vary and you may have a gain or less when you sell your shares . free commission offer applies to online purchases of select ishares etfs in a fidelity brokerage account which may require a minimum opening balance of 2 500 . the sale of etfs is subject to an activity assessment fee of between 0.01 and 0.03 per 1 000 of principal and is subject to a short term trading fee by fidelity if held less than 30 days . fidelity commissioned corporate insight to study bond pricing available online for self directed retail investors from five brokers that offer corporate and municipal bonds . the study compared online bond prices for over 20 000 municipal and corporate inventory matches between september 2nd and october 6th 2015 . it compared municipal and corporate inventories offered online . the study found on average that four competitors that bundled their markups or fees into their online bond prices were asking an average of 13.65 more per bond . corporate insight determined the average cost differential by calculating the difference between the costs of matching corporate and municipal bond inventory at fidelity vs. these markup based firms in the study then averaging the differences across all of the competitor firms . for the table the example competitor trade costs range of 240 510 is based on an average size order of 22 000 face or par value bonds and average cost differential between fidelity and the four selected competitors displayed in the table . year to date through september 2015 fidelity s retail brokerage account holders who purchased individual municipal or corporate bonds purchased an average of 22 bonds per transaction . 1 . 7.95 commission applies to online u.s. equity trades in a fidelity account with a minimum opening balance of 2 500 for fidelity brokerage services llc retail clients . sell orders are subject to an activity assessment fee from 0.01 to 0.03 per 1 000 of principal . other conditions may apply . see fidelity.com commissions for details . 2 . etfs are subject to market fluctuation and the risks of their underlying investments . etfs are subject to management fees and other expenses . unlike mutual funds etf shares are bought and sold at market price which may be higher or lower than their nav and are not individually redeemed from the fund . expense ratio information as of july 1 2016 for fidelity june 28 2016 for vanguard . premium share class . 10 000 minimum investment . fusvx ; fstvx . important fee information certain of fidelity s stock and bond index mutual funds have max short term redemption fees of up to 1.5 % for eligible shares held less than a maximum of 90 days . fidelity may deduct a small balance maintenance fee of 12 from a fund balance with a value of less than 2 000 in shares while vanguard funds may charge an annual account service fee of 20 for fund balances below 10 000 . fidelity and vanguard offer other share classes of these funds with different investment minimums and expense ratios . please note when comparing funds please consider all important factors including information pertaining to fund fees fund features and fund objectives . while funds may track an index the indices and strategies employed to achieve an investment object may be different . each fund s investment object and strategy and index tracked to achieve investment goals may differ . for new investors funding investment minimums may be different . please note when comparing funds please consider all important factors including information pertaining to fund fees fund features and fund objectives . expense ratio is the total annual fund operating expense ratio from the fund s most recent prospectus . etfs are subject to management fees and other expenses . 7.95 commission applies to online u.s. equity trades in a fidelity account with a minimum opening balance of 2 500 for fidelity brokerage services llc retail clients . sell orders are subject to an activity assessment fee from 0.01