I want to talk about two other things. Fidelity will do hand holding and help as long as you have a lot of assets under management. I know in the beginning it can be tough...You do need the hand holding. But, the smaller the assets, the more likely Fidelity will be unwilling to spend a lot of time on the phone to walk you though your trades. On the other side, Fidelity knows there will be a lot of generational wealth coming down to younger people. Parent/grandparents die and young people will gain a lot of assets. If you have a good relationship established with Fidelity, you will probably deposit $$ once you inherit money.
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I have been lucky so far, and the last guy I got on the phone was by far the most helpful person. His name was Dave Stiporow or something like that. He was very professional, talked professional, was very respectful and told me this is what he is there for to help out for any questions I have.
With that being said, I do acknowledge what you said about parents / grandparesnts passing away and inheritance or whatever passing down. So , we never know when we will die, who will die at whatever time , but the " norm" is our grandparents die first, then our parents, then us. My grandparents had nothing to pass down. My mother and father though, they both worked their asses off. My Dad was Navy Career, and then Post Office Career. He was never a spender other than loved playing slot machines on the weekend at local bar with mom. My mother worked her career at the IRS. So both of them, government jobs, high paying jobs, lots of benefits and investing 401k money market etc.. I was the only child, and I would have got everything from them, but my cousin lived a horrible life of heroic addict, etc.. got pregnant twice, bore to children. She couldnt raise them, so my parents ended up having to adopt them else the kids would be in the States hands. So, when i was about 33 I ended up gaining a brother and sister who are newborns. So now inheritance will be shared between 3 of us instead of just me.
Regardless my parents saved a lot of money, invested a lot.. all of that will be divided between us 3. So at some point in time, I would be coming into a nice chunk of money, at least a few hundred thousand. I dont count on that money. Anything can happen. But regardless it is a possible huge income in the future. I also hope to get a decent amount of money from a class action lawsuit from a drug company who continued a drug when they knew it was damaging peoples kidneys and other stuff.. My kidneys work about half of what they should. Who knows how much I will get , but once again if its anything at all , I will invest it. Any money I get that I normally wouldnt get.. unrecognized income
I know thats not the name, but money I wasnt expecting to get.. I put into Fidelity and invest it.
Like I just got Pell Grant money from FAFSA for being in college. I had no idea I could sign up for it because the VA center pays for my schooling. So I ended up getting 6500 dollars. I put it all into Fidelity account. I invested about 2/3 of it, and the last 1/3 is sitting waiting for me to invest it in something.
I know everyone invests for whatever reason. I never did it my entire life, now at 49 I am doing it. Honestly I dont really need to. I have no one to pass my money down to. When I am gone, thats it.. the money goes no where , unless I donate it to the Church, Charities etc..
So i really have no need to invest, I do it just to see what I missed out on my entire life. I do it as a hobby. So if I lose money or gain money, it really makes no difference to me because I have no heirs. I have no love of money, or greed of it like many people do. I am not a materialistic person.
Anyway enough of my long winded post. In short, yes I agree that they expect younger people getting inheritance.
