No. of Recommendations: 3
Me: As long I can edit the basket on Sunday and then not log in for several days and then log in and see the trades were executed on Monday. That's all I want.
Amy: Yes you can!
Amy of FIDO customer service online chat ... lied.
But is it a lie if you believe it?
Okay, Amy was WRONG. Confident. And wrong.
You can edit the basket, but you CANNOT get it to trade automatically. Nor can you tell it to do any trades when the market is closed. If the market is closed, the buttons for trading are not there. All you can do is edit.
The available trade buttons are: Buy, Sell, and Rebalance.
What you'd want to do for a typical MI screen is remove some stocks and add the same number of stocks. Then sell the removed stocks and buy the new stocks in equal dollar amounts, while leaving the carried-over stocks untouched, neither bought nor sold.
You can't do that. Best you can do it edit the weight of the carried-over stocks to be their current weight and then set the new stocks equal weight to make up 100%.
Then wait until the market opens and click REBALANCE.
No guarantee that when the market opens that the carried-over stocks will be at the same weight that they were when you reset all the weights. So those may get a partial sell or buy.
Conclusion: FIDO basket is essentially useless for the typical MI portfolio.
M1 "pies" do everything you'd want.
