Fidelity telling me to sell

[Anonymous]

Coz everyone is RTO now so needs some busy work time. Yup I got their calls too since two weeks ago.

[Anonymous]

Scam. Might not even be Fidelity. Might be an imposter.

[Anonymous]

Anonymous wrote:I missed several calls from their reps and today finally talked with them. They say my allocation is aggressive and that I should sell some of it to lock in the gain from the past two years. What do you all think?

Do you have any losses to offset the capital gains. But yeah, I would take some profits now.

For one thing, Trump is gonna tank the economy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What are you invested in? I have them, but never talk to them. None of their business what I buy or sell.
Give us some number. What an how much? How big of a portion is it?

OP here. I'm half ETF/mutual funds (total market index, s&p 500 and tech) and half individual stocks (insurance companies, semi and defense) in this account. I never thought this is aggressive.

I'm in two individual stocks with them, so I don't think yours is aggressive. Something else is going on. Pick up the phone and see what they want.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What are you invested in? I have them, but never talk to them. None of their business what I buy or sell.
Give us some number. What an how much? How big of a portion is it?

OP here. I'm half ETF/mutual funds (total market index, s&p 500 and tech) and half individual stocks (insurance companies, semi and defense) in this account. I never thought this is aggressive.

This does not tell us anything without more context. First, what is your allocation outside of this account? Second, how old are you?

If I had all of my money allocated the way that you have allocated in that account, I’d worry about being too aggressive myself. I’d think they have a point.

+1
You don’t have to talk to the fidelity person if you think it is a scam, but if all of your investments are in equities (as you indicate for your fidelity account), it probably does make sense to put *some* money in something safer for a while like CDs or Bonds. But it is a bit weightier decision if the $ is not in a tax advantaged account. But I’m definitely going to take a little out of my index to put in something stable given the wild uncertainty around the potential tariffs.

[Anonymous]

Troll post

[Anonymous]

When you sign up with them you indicate how sophisticated you are as an investor. It’s possible that you indicated that you aren’t sophisticated or comfortable with risk and that’s what’s triggering the calls.

[Anonymous]

Aggressive is relative, I would call 100% stocks (index or individual) as aggressive. If in individual stocks and crypto, would call speculative/very agressive portfolio.

That said we are also close to 90% equity all in index funds and I am ok with it. As long as you understand the downsides of a crash and are 10 years away from retirement, I "personally" think it is fine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What are you invested in? I have them, but never talk to them. None of their business what I buy or sell.
Give us some number. What an how much? How big of a portion is it?

OP here. I'm half ETF/mutual funds (total market index, s&p 500 and tech) and half individual stocks (insurance companies, semi and defense) in this account. I never thought this is aggressive.

100% stocks is aggressive, depending upon your age.

I think you should lock in some of your gains.

The market won’t go up forever.

[Anonymous]

I think debating the relative merits of Fidelity's advice is beside the point. The point is the advice was not solicited, unless OP didn't realize they'd signed up for an advisor. 100% stocks is aggressive but Fidelity does not see a person's whole financial picture. They may have a pension or hold US Treasury bonds. I'm very surprised they would give financial advice under these circumstances and risk alienating their clients. When I have received calls, it's only been to ask me if I wanted to sign up for their advisor. I would be annoyed if they cold-called me telling me how to invest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What are you invested in? I have them, but never talk to them. None of their business what I buy or sell.
Give us some number. What an how much? How big of a portion is it?

OP here. I'm half ETF/mutual funds (total market index, s&p 500 and tech) and half individual stocks (insurance companies, semi and defense) in this account. I never thought this is aggressive.

This does not tell us anything without more context. First, what is your allocation outside of this account? Second, how old are you?

If I had all of my money allocated the way that you have allocated in that account, I’d worry about being too aggressive myself. I’d think they have a point.

ETF and stocks are not aggressive.

I was expecting he had a bunch of shorts bought on margin or something exotic!

[Anonymous]

They'd have conniptions if they were in charge of my portfolio, then. I'm 100% stocks, nearly exclusively AAPL, with some Nvidia, Amazon, Alphabet, Tesla, Netflix, BITO, etc.

Do what YOU think is best for you, OP. Please remember that the people who are contacting you have that job because they didn't make the right choices when it came to their investments. So... do you really want to be taking their advice?

[Anonymous]

Anonymous wrote:

Anonymous wrote:What are you invested in? I have them, but never talk to them. None of their business what I buy or sell.
Give us some number. What an how much? How big of a portion is it?

OP here. I'm half ETF/mutual funds (total market index, s&p 500 and tech) and half individual stocks (insurance companies, semi and defense) in this account. I never thought this is aggressive.

That is aggressive, especially if you are over 50 which you probably are.

[Anonymous]

Maybe it's a scam. My husband and I have sometimes called them, but never gotten a call from them. We have quite a few different types of accounts. As far as I can tell, they definitely don't care if you lose your gains.

[Anonymous]

Never answer a call and just believe what the persons says. Especially when they want to control your money. Never! Never click on an email link either especially when it is supposed to represent your financial institution. There is so much fraud everywhere. I see it daily.