Opening a Fidelity account automatically establishes a core position which is needed for processing cash transactions and for holding uninvested cash. Watch this video to learn more about how a core position works. View full transcript (PDF)
What is a core position?
A core position is a holding in your account that acts like a wallet.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.