Managing a Fidelity Investment Account

Video Transcript

"Hi, I'm Roger Groh of Groh Asset Management. We're here to talk about Fidelity, the large brokerage firm, and what you can do in an account that you have opened there at Fidelity. Well, clearly, you can invest in any of the mutual funds that's appropriate for the account that you have opened. If you call Fidelity, they'll guide you as to what is appropriate or not. In addition, through other custodians that they have, you can buy investments outside of Fidelity. They have a discount brokerage firm when you...where you can buy any stock or bond that's traded, for instance. Or if you wanted to buy other types of assets, they may push you into a custodian where that could be permitted. Now, they all fall under their Fidelity label. Just look at them as a place where you can buy most any stock or bond. So why buy Fidelity? They've been around for a long time. One of their earlier pioneers was Peter Lynch, and if you go to to your neighborhood library and do a search for Peter Lynch, read some of his books. They're very practical about the things that he did as an investor when he was running Magellan Fund, then a wildly successful program. Hope that helped. I'm Roger Groh with Groh Asset. Thank you for spending a little bit of time with me."