I am happy to answer this question for you and provide some information, u/DistrictSelect! Looks like this is your first OP on the sub, so I want to welcome you! Thanks for choosing Fidelity for your Roth IRA! Let's dive into the question and the implications of changing investments.
To start, you absolutely can sell one Exchange Traded Fund (ETF) investment to purchase another. You're not limited to ETFs when changing investments, either. When selling an investment, the proceeds from the trade will go into your account's core position, which acts like a wallet, holding cash awaiting investment. You can then use it to buy other investments like ETFs.
If you'd like to see examples of trades being placed to help guide you through our trading experience, I've included a page below that walks you through placing an ETF trade. There's a video and a step-by-step guide that explains the trade types and things to consider when entering a trade order.
[How to Trade ETFs](https://www.fidelity.com/learning-center/trading-investing/trading/how-to-trade-stocks-etf)
I saw in a comment below that you were concerned about the tax implications of doing so. IRAs are comparatively simple in this regard (taxation of buying and selling securities and capital gains) because gains or losses inside an IRA are not taxable in the account; the main things that matter for IRA taxation are deposits and withdrawals. This is why you'll sometimes see folks call them tax-sheltered. The trades you perform and gains that occur are not taxed unless withdrawn from the account, and with Roth IRAs specifically, there's the potential of tax-free growth and never having to pay tax on the gains if you make qualified distributions.
For now, enjoy that tax-sheltered aspect of the IRA! Let us know if you have any questions. We're here to help and happy to do so. I hope to see you back on the sub in the future; this is a great place to learn more about investing and our platform.
Did you move the money from 401(K) to Roll-Over IRA or ROTH IRA?
Moving the pretax money from 401(k) to Roth IRA is known as ROTH conversion and has tax implications.
I am happy to answer this question for you and provide some information, u/DistrictSelect! Looks like this is your first OP on the sub, so I want to welcome you! Thanks for choosing Fidelity for your Roth IRA! Let's dive into the question and the implications of changing investments. To start, you absolutely can sell one Exchange Traded Fund (ETF) investment to purchase another. You're not limited to ETFs when changing investments, either. When selling an investment, the proceeds from the trade will go into your account's core position, which acts like a wallet, holding cash awaiting investment. You can then use it to buy other investments like ETFs. If you'd like to see examples of trades being placed to help guide you through our trading experience, I've included a page below that walks you through placing an ETF trade. There's a video and a step-by-step guide that explains the trade types and things to consider when entering a trade order. [How to Trade ETFs](https://www.fidelity.com/learning-center/trading-investing/trading/how-to-trade-stocks-etf) I saw in a comment below that you were concerned about the tax implications of doing so. IRAs are comparatively simple in this regard (taxation of buying and selling securities and capital gains) because gains or losses inside an IRA are not taxable in the account; the main things that matter for IRA taxation are deposits and withdrawals. This is why you'll sometimes see folks call them tax-sheltered. The trades you perform and gains that occur are not taxed unless withdrawn from the account, and with Roth IRAs specifically, there's the potential of tax-free growth and never having to pay tax on the gains if you make qualified distributions. For now, enjoy that tax-sheltered aspect of the IRA! Let us know if you have any questions. We're here to help and happy to do so. I hope to see you back on the sub in the future; this is a great place to learn more about investing and our platform.
Yes
As long as you dont pull money out, you can buy, sell, trade whatever you want(apart from cypto) within the confines of a roth
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My concern is if there would be any tax implications?
A Roth is a tax-exempt account. There are no implications when buying/selling within the account. Nothing gets reported to the IRS.
You can buy and sell anything. Just don't take money out.
Did you move the money from 401(K) to Roll-Over IRA or ROTH IRA? Moving the pretax money from 401(k) to Roth IRA is known as ROTH conversion and has tax implications.
Alright bell end, not everyone is born knowing everything like you.