selling before the 30 day period FSTA [Fidelity Consumer Staples Index]

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jezo
Posts: 39
Joined: Thu Jun 08, 2017 5:45 pm

selling before the 30 day period FSTA [Fidelity Consumer Staples Index]

Post by jezo » Mon Jun 19, 2017 10:49 am

I currently have a few shares in FSTA (Fidellity consumer stapels index) since 6/2/2017. I have been doing some research and don't think I want to hold onto to this much longer. Do I take my losses or wait till I've had this for 30 days.

I am considering buying FBGRX (Fidelity Blue Chip) or FUSEX (Fidelity 500 index)

Thank you for any feedback
Last edited by jezo on Mon Jun 19, 2017 12:05 pm, edited 1 time in total.

mcraepat9
Posts: 773
Joined: Thu Jul 16, 2015 11:46 am

Re: selling before the 30 day period FSTA

Post by mcraepat9 » Mon Jun 19, 2017 2:16 pm

jezo wrote:I currently have a few shares in FSTA (Fidellity consumer stapels index) since 6/2/2017. I have been doing some research and don't think I want to hold onto to this much longer. Do I take my losses or wait till I've had this for 30 days.

I am considering buying FBGRX (Fidelity Blue Chip) or FUSEX (Fidelity 500 index)

Thank you for any feedback
I am confused. Why would you wait 30 days if it's a fund you don't want to own? What does 30 days have to do with it?
Amateur investors are not cool-headed logicians.

katwillny
Posts: 18
Joined: Sun Jun 18, 2017 1:27 pm

Re: selling before the 30 day period FSTA

Post by katwillny » Mon Jun 19, 2017 9:34 pm

I am confused. Why would you wait 30 days if it's a fund you don't want to own? What does 30 days have to do with it?[/quote]
Fidelity has a not trade fee funds for which there is a 30 day waiting period until you sell or you will be charge the commission fee on both the purchase and the sell. Im thinking this is what the OP is referring to.

Avo
Posts: 1097
Joined: Wed Jun 11, 2008 2:21 am
Location: California

Re: selling before the 30 day period FSTA [Fidelity Consumer Staples Index]

Post by Avo » Mon Jun 19, 2017 10:49 pm

Hold it for the 30 days.

While you're waiting, work on formulating a long-term investment plan.

If that's not feasible, after you've sold FSTA, just buy FSTMX (total market) instead of Blue Chip (actively managed, high expense ratio) or 500 index (incomplete market representation, possibly subject to front running)

SrGrumpy
Posts: 419
Joined: Wed Aug 05, 2015 3:21 pm

Re: selling before the 30 day period FSTA [Fidelity Consumer Staples Index]

Post by SrGrumpy » Mon Jun 19, 2017 11:33 pm

I would double down. Stay the course. Things will get better.

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