Anyone use fidelity brokeragelink to buy company stock?
Tried to catch NIO and TESLA dip. But unable to place order using brokeragelink as it keeps saying "your self directed account is not eligible to buy this security". Anyone done that? What am I missing?
Google owqJ68 Mar 9, 2021
Have you considered... asking fidelity?
Splunk tdhsgw Mar 9, 2021
It’s probably a restriction placed by your company so you don’t yolo all your retirement into GME. You could buy etf’s like QQQ VOO I believe, even TQQQ might be restricted
Microsoft hgy592 Mar 9, 2021
You can't do shorts in brokerage link account. But you can buy sqqq, if you like.
Citadel hknv Mar 9, 2021
Many 401k plans do not permit trading stocks. I'm guessing it costs the company more to purchase that feature.
Amazon 3lions Mar 9, 2021
It only allows trading mutual funds. No fee for fidelity funds but $75 for other mutual funds
Respect the error message and use a non-401k account