What if I miss a Fundranker exchange date?
If you miss a Fundranker exchange date by a day or two for a particular exchange, don’t panic. If you exchange funds after the Fundranker exchange date, it will only be important if the fund you buy has to be exchanged again the very next month. If that does occur, then make sure you wait 30 days before you exchange it to avoid a roundtrip transaction, which is discouraged by Fidelity Investments’ frequent trading policy for Select funds. If Fundranker calls for several exchanges, only delay those that are absolutely necessary to avoid roundtrip transactions. Making your other exchanges on time will make it easier to avoid roundtrip transactions on the new funds, should it be necessary to exchange the next month.
