The order actually depends on their balances. It'll debit from the higher balance one.I figured this out. If I've owns FDLXX & FSIXX, Fidelity will liquidate the later first. I see today that the buy of FSIXX on Tuesday, went into and came out of that fund. So today, I placed an exchange order from FDLXX to FSIXX.
https://www.bogleheads.org/wiki/Fidelit ... e_accounts
There is an order in which money markets will liquidate. When purchases or debits are made, the debit will be drawn first from the core, then followed by any additional money markets. If the core has insufficient funds alongside additional money market mutual funds in the account, we would draw from the taxable money markets first, then the tax-free money markets. Within each category, we draw from the fund with the highest balance first.
Statistics: Posted by Lyrrad — Fri Aug 02, 2024 10:22 am — Replies 182 — Views 32349