Hook

Their other posts in the index, biggest breakout first.
On June 1st. Some ETFs from Fidelity will now come with a $100 service fee every time you buy one of these funds. So the list of affected funds expanded from 27 ETFs to more than 120. I'll put a full list in the description, but it means that if you buy a $1,000 worth of one of these ETFs, you will instantly lose 10% of your investment before the investment even begins. So this is happening because in March, Fidelity sent a notice to these ETF issuers that they would have to pay them a fee in order to have their funds supported on Fidelity. The issuers that have refused have had some of their ETFs added to this list. So in other words, because they don't pay Fidelity, Fidelity is passing those costs on to retail investors. The most notable of these ETFs, the ones by Roundhill. They have 40 affected funds, including $QDTE, one of the most infamous covered call funds. But your favorite ETFs like $VTI, $QQQQ, $VOO, $SCHD or any big index funds or ETFs that track the market index, these are not affected. Now, if you invest on Fidelity, it's probably worth checking if these ETFs are going to affect you. But if you invest on other brokerages like Schwab and Vanguard, there are no $100 fees for these ETFs.