Anyone have any good resources or suggestions on how to get started with a new brokerage account?
I am brand new to a brokerage account, i opened one at Fidelity this week.
i funded the account with $1k just to get started, but i am, being a noob, very confused. the $1k is in a government money market fund (SPAX), Fidelity says i have $1k available to trade and $0 settled cash.
i cant sell SPAXX as its a core account and cannot be traded directly, so how do i get settled cash to make a trade?
if i try to do an exchange, SPAXX for a Stock, every stock i have tried to buy is "closed to new investors" which seems unlikely?
i am sure i am missing something silly, this is my first account outside of the 401k and HSA
any advice or resource you may recommend would be helpful, thanks