FLCOX
FIDELITY LARGE CAP VALUE INDEX FUND INSTITUTIONAL PREMIUM CLASS
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AI stocks (and the market in general) have been overpriced for awhile now. Some 401(k) plans have choices outside their 'core' funds, but don't really advertise that fact too loudly. I got out of 'vanilla' S&P500 indexes some time ago, and moved towards a value index (FLCOX) for my US Large Cap allocation.
Target Date retirement funds are way too conservative imo, being too heavily invested in bonds and only adding more bonds to the mix as it gets closer to the target date. If you have the ability, you're better off putting at least half of your funds into an S&P index (FXAIX) and then a mix of other indices. Personally I like FSELX (semis) and FBGRX (blue chips) for growth and a smaller mix of funds like FSAGX (gold) and FLCOX (large cap value) for a little more diversity and defensiveness.
the Putnam large cap value is an OK choice, comparable to VOOV or FLCOX. wouldn't be a terrible option to get the employer match. but for a slightly higher fee, thePutnam Dynamic Asset Allocation Balanced Fund is much more diversified, with international stocks. https://www.franklintempleton.com/investments/options/mutual-funds/products/38954/A/putnam-dynamic-asset-allocation-balanced-fund/PABAX#portfolio it's a bit bond-heavier than the target funds, but I'm assuming you'll get only the match with this 401k and then lean more heavily into a Roth IRA for additional retirement savings.
Put me down in the financial advisors are not worth it group. The internet can give you the same advice an FA can give. I will give your FA credit though 1. Put you in low cost Fidelity Mutual Funds and not in commissioned funds 2. Your portfolio is mostly diversified, but underperforms the S&P 500 Index is my guess FSPGX 5 year annual return 18.88% FLCOX 5 year annual return 8.08% FSGGX 10 year annual return 5.26% FSMDX 10 year annual return 10.26% FSSNX 10 year annual return 8.60% But, you are here for a reason. You have come to the conclusion you could have done the same thing, buy mutual funds and not pay the 1% AUM. I am retired and I never used a financial advisor. I feel I know more than most any FA I will run into, especially if they work for a bank or an insurance company. Long ago I came to the conclusion to put our retirement accounts into the S&P 500 Index. It worked out well for us. We own taxable small cap value mutual fund and a taxable international fund to be diversified. You are 22 with $58,000 in investments, WOW. When I was 22, I was dead broke, and had no clue, but I could drink beer. Vanguard might offer those Fidelity Funds. You could roll them over to Vanguard, FREE, and sell them. If you what you paid for them is less than what you sell them for you will pay taxes on the gains, you cannot avoid capital gains if you have them. No one ever went broke taking a profit.
If you want to be holding a Large Cap Value fund then it doesn't appear to be a bad choice looking at similar funds. The ER is high at 0.60%, but the 10 year and 5 year returns are very similar to the Vanguard Value Index Fund VVIAX that has a 0.05% ER and beat the Fidelity Large Cap Value Index Fund FLCOX with a 0.035% ER. In comparison to the S&P500 index the returns sucks over 10 year and 5 year.
[Vanguard on Lump Sum vs DCA](https://investor.vanguard.com/investor-resources-education/news/lump-sum-investing-versus-cost-averaging-which-is-better) The market does seem pretty overvalue currently, I’d look into [Vanguard’s 2025 economic and market outlook](https://advisors.vanguard.com/insights/article/2025-economic-and-market-outlook?cmpgn=FAS:PS:XX:LF:20250102:GG:DM:LB~FAS_VN~GG_KC~BD_PR~LF_UN~MarketEconomy_MT~Exact_AT~None_EX~None:NONE:NONE:NONE:KW:MarketVEMOReport&gad_source=1&gbraid=0AAAAADyd_RXbc3MjtS6ZgmgWpL390LfS-&gclid=Cj0KCQiA19e8BhCVARIsALpFMgF4G_lDtVCmRNwqhtVPoB1TLq3Fg1V240ELIbvINyFA6DqSWMc2xN0aAgbqEALw_wcB&gclsrc=aw.ds) Could hedge for current conditions by dropping a large amount of that in FLCOX (large cap value) if you want to use Fidelity funds. I don’t think you could go wrong by lump summing into FSKAX or DCA-ing over 2-6 months since your time horizon is so long. If you already do 90/10 why not just add it 45k/5k into current positions and letting it ride?
If by aggressive you mean can rise or fall significantly more than the the rest of the domestic market, then FZROX or VTI is the safest you can get. If by aggressive you mean volatile, there are value indexes like FIMVX and FLCOX that probably will be more stable than the market as a whole.
> Is it actually foolish to opt out of FXAIX entirely No, but it is a gamble. If it's what lets you invest without stressing, I'm for it. A large value fund like FLCOX might suit you.
I do 70% US, 30% ex-US. Of the US portion I do 33% each of FNILX, FLCOX, and FSIVX (US large cap, US large cap value, and US small cap value respectively). The ex-US portion is 100% FZILX, which is market cap weight total market
This comment made me do the math, I'm currently in 98.27% various index funds, 1.73% individual stocks. The index funds are broken down as follows: FISVX: 16.5% FLCOX: 18.1% FNILX: 17.7% FZILX: 22.0% FZROX: 4.1% VFIAX: 8.4% VTIAX: 5.6% VSMAX: 2.9% VIMAX: 2.8%
look at value funds or ETFs, they'll filter out stocks that are over-priced. this often dramatically reduces your FANG/hot stocks exposure. for example, FLCOX is Fidelity's value index and there's only one tech company in the top 10 (Cisco). https://fundresearch.fidelity.com/mutual-funds/composition/31635V679
Dividend stocks correlate to value stocks, but if you're looking to add some value factor to your portfolio you can just buy value funds directly. For example, FLCOX is a large-cap value index fund