FKSAX
FRANKLIN STRATEGIC INCOME FUND ADVISOR CLASS
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Sadly, no! Don't worry too much about it. Many of us holding any brand Total USA index mutual fund and Total USA ETF will get hit with SpaceX too in our top 10 holdings. Examples: VTI, ITOT, SCHB, FZROX, FKSAX, SWTSX, and VTSAX.
Mutual funds update once a day after market. Whatever FKSAX is showing is yesterday's price.
Ehhh nah you don’t need fidelity Go. It’s convenient and prob worth it if you have very little $$$ but you can just buy like FKSAX, FTIHX, and maybe FBND if you want bonds too. Maybe 60/30/10 depending on your risk tolerance.
I'm about to enroll in one as a state university employee. There's a PCRA option, but you can also just choose your own funds, and then have FKSAX and an iShares international with 5BP fees so... I think I'm set lol.
>I am not knowledgeable on stocks so that's out of the equation for me You don't really need to be knowledgeable for index funds. VTI/VTSAX/FKSAX etc are all invested in every US company at the same time, or VT which is almost every public company in the world. Also, learn. [https://www.reddit.com/r/personalfinance/wiki/index#wiki\_investing](https://www.reddit.com/r/personalfinance/wiki/index#wiki_investing)
> With regards to asset allocation: Would it change in any way? what is your target domestical/international asset allocation? VT is 61.7% US and 38.3% international. if you want to follow that across your entire portfolio, you will need to rebalance your Roth IRA accordingly (i.e. 61.7% FKSAX, 38.3% FTIHX) or you might be able to just invest in VT in your Roth as well for simplicity? if you want a different allocation but have to keep using those Fidelity mutual funds, you will need to do something like: `$FKSAX = $domestic_pct_want * ($VT + $Roth) - (.617 * $VT)`
As everyone always says in Reddit FKSAX and chill
FKSAX is Fidelity’s version of Vanguard’s VTSAX. It also tracks the S&P 500.
Memorize the price of that FKSAX when your doing this project. That’s more or less the cheapest you’ll see that stock for your entire life. If you could actually buy a good amount of that stock now, and leave it for the rest of your life you’d be set. Repeat after me: Boring stuff for your real money (401K). Single stocks are for gambling in the brokerage account, daddy needs a new boat.
VTI is a low cost passive index ETF which follows a total market index. So yes you can and it is a recommended strategy of bogleheads (r/boglehead) as part of a 3 fund portfolio. Note VTI isn't unique SCHB, and ITOT are other total market ETFs and VTSAX, FKSAX, and FZROX are some examples of total market MF.
Are there avenues for portfolio reviews? I have 2 workplace accounts (403B + 457B), a Roth IRA, a taxable brokerage account and an emergency fund in an HYSA at my bank. I don't want them actively managed and currently have broad market index funds (FXAIX, FZROX, FKSAX, etc.) My question: I'm unclear on how to set up the portfolio so there's diversification but also no redundancy. Are those funds supposed to be the only position in an account? Is it smart to split eadh account into multiple funds, ETFs etc or just make sure there's a diversified split / manage risk across my entire investment portfolio. Thank you!
3 core things: 1) Open a Fidelity Traditional IRA account, deposit the 2021 max of $6k, and invest into FKSAX. 2) Keep a portion of any new income, 20% for example, into a High yield saving account for emergency funds. Discover, Capital One, or Ally bank should suffice. 3) Open a 2nd account with Fidelity for a regular taxable brokerage account. There is no max, so put how much you want after putting money into emergency savings. Invest 80% into VTI and the rest into VXUS.