FXAIX

Thwitch

I wish they had posted this before close so I could have sold all of my FXAIX to dump on Nvidia tomorrow morning. Yeah he will probably out, but supply and demand are such that I don't feel he could crash this train yet even if he tried

Pitiful_Fox5681

FXAIX is a fantastic mutual fund. It indeed follows an index that's extremely close to the S&P 500. It's also my largest position.  Don't look at it right now. It'll still be green unless you've bought most of your position in the last three months, so no worries there. Even if you have bought most of your position very recently, it'll be barely down and it'll recover soon enough.  Given that you know that you're prone to panicking, let yourself get in the habit of letting any automatic investments you have set up do their thing and just ignore it. (Vanguard once determined that its best performing accounts were those that belonged to dead people. It turns out that getting out of the way and not tinkering really makes a difference!)  Maybe check in once every six months to make sure the automatic investments are still going through as planned, then resume ignoring it. 

TheRealGreenArrow420

+17.58% after today. Outside of FXAIX 401k contributions, about 10% of my portfolio is AMD, GOOG, MSFT, INTC, NVDA in order of size

crowcawer

This is the third “wild dip” that I’ve seen in my life. FXAIX looks pretty juicy to me.

Saul_T_C_Man

I just happened to be rebalancing my Roth IRA. Yesterday I sold off a chunk of FSKAX to consolidate with my FXAIX and buy some QQQM. A pleasant surprise when I went to buy today 😂. My cash from selling the mutual fund avoided the dip today, then I bought the dip. I wasn't trying to time the market at all lol. This money is for 25+ years from now. I wanted more of a tech tilt and purely got lucky.

bananastand512

Whatever. Good day to max my ROTH in FXAIX for the year.

Sensitive-Exam649

Today ther are very good brokerages that have no fees like Vangard, Fidelity, Schwab. If your brokerage changes fees move your account to a no fee brokerage. I don't know which brokerages are available in Canada. I am fidelity customer and when I enter a buy it will buy whole shares and then fractional share when I tell it to X dollars of the fund. Now some brokerage have acount setting that will lock it into not full shares only . Also VOO is just one of many growth index funds. That are many S&P500 grwoth index funds. and many that follow other indexes. and not all have the same high share price. Instead of VOO I sue FXAIX which is a mutual fund version of the S&P500 index fund. that currently trades at $263. But currently my focus is dividend investing and there are many low cost dividend funds and the most expensive ones I own cost $50 share.

HammerDownl

Dump VTI and throw it in FXAIX

Severe-Weekend-6664

You're not over-diversified, you're holding the same three funds in four places. Treat all accounts as one portfolio: keep the tilts (AVUV, SPMO) in the Roth and let the 401k stay plain FXAIX/FSPSX. Dropping that 0.74% fund is the easy win.

InvestigatorThat5062

Already changed that out haha. It was only 5% holding, so I moved that to FXAIX. Current holdings are lower ERs

Severe-Weekend-6664

You're not over-diversified, you're holding the same three funds in four places. Treat all accounts as one portfolio: keep the tilts (AVUV, SPMO) in the Roth and let the 401k stay plain FXAIX/FSPSX. Dropping that 0.74% fund is the easy win.

Okay-investment

Rolled over wifes 403b to IRA finally, all in FXAIX is smartish right?

InvestigatorThat5062

Probably gonna allocate that 5% from Emerging international into more FXAIX too haha

DrScitt

Eh I’m young and don’t use options, I just invest in stupid shit … sometimes successfully. I also have a lot of VOO FXAIX etc. Also, the staircase is mainly from adding more money once every quarter. But yeah I’ve been expecting a drop eventually

Staxhaslanded

With that many individual stocks, why not just buy FXAIX?

Artistic-Lab-7549

67% means the S&P 500 more than doubled in a year. Anyone holding VOO or FXAIX in their 401k would've noticed that on their statement. He's probably quoting the one guy in the room who went all in on something stupid and got lucky, and calling it a policy.

fxaix00

Crazy days ahead Play it safe people. VOO & Chill FXAIX & Chill

puffpuff1291

I've been buying and holding for around 3 years and have never sold a position. I'd like a gut check on whether to hold, trim, or diversify further. Holdings (\~$31.6K total): FXAIX (Fidelity S&P 500): \~46% VOO (Vanguard S&P 500): \~31% QQQ (Nasdaq-100): \~15% NVDA: \~3% AVGO: \~2% ENB: \~2% EQT: \~1% CRWV: <1% SPAXX (cash): negligible FXAIX and VOO both track the S&P 500, so about 77% of my portfolio is effectively one index. Adding QQQ, NVDA, and AVGO puts me heavily in large-cap US tech. No international, bonds, or small/mid-cap exposure. The individual stocks are about 8% of the total, and I've never sold any. Age/timeline: mid-30s and looking to save for retirement via this brokerage account (already have a 401k) Risk tolerance: High Country: USA

DistributionBroad173

The safety of bonds is a fallacy. You can lose money on bonds just like you can lose money on stocks. Tell that to SVB, Signature Bank, First Republic Bank in 2023. All three failed. Charles Schwab was close to failing since they had $40,000,000,000 in unrealized losses on their bonds. FXAIX, VFIAX/VOO work just fine.

Icy-Sheepherder-7595

42% MSFT at $390 per share 25% VTI at $357 10% ADBE at $247 9% GOOG at $317 6% METU at $19.52 6% META at $595 2% FXAIX at $207 Total portfolio value $145,880

topmensch

FXAIX

rmgraves67

I’m lame. FXAIX.

E92_isaiah

FXAIX

RadioBusiness

Leaving the 401ks alone I max that out via paycheck withdraws but then any excess money above my safety nest each month I throw mostly into FXAIX at fidelity So was just thinking increasing my safety net and was just curious what others were doing

Chief-Keefs-Parakeet

Dude you just buy FXAIX whenever you can, as often as you can, then enjoy life. Thats it. Keep 1-3% set aside if you want to trade for fun. Don't be a dummy.

Scorface

This is the largest HSA balance I have ever seen. For reference the HSA started in 2004 under George W Bush. If a person had opened it then and did the self-only max every year and invested it into an S&P500 fund like FXAIX. You would have a balance now of about $250,000. If you did the Family max, you’d have maybe $600,000. If you took all this and just put it into an FXAIX you basically just speed ran through the entire history of the HSA. Congratulations!

CEO_of_SOXL

Check the funds you’re in. 50% of mine is in FXAIX which is basically SPY but the rest is in emerging markets and such so

ADTR9320

Literally my entire portfolio is FXAIX. Can't go wrong with it.

EdgeInformal8264

u ever hear of FXAIX?

AP_Yi

You can't be posting FXAIX in here, man.

Pitiful_Fox5681

Better choice than VOO? Maybe SPYM, FXAIX, FNILX, ETLGX (/s, mostly).  If you're truly very ok with risk, FTEC seems pretty well managed right now. 

Zestyclose_Cup6343

VFIAX and FXAIX are functionally the same fund; both track the S&P 500, so the choice between them comes down to which brokerage holds your IRA. VTTSX is a different proposition entirely, since it is a target date fund that holds total US stocks, international stocks, and bonds and gradually shifts more conservative as 2060 approaches. If you want the set it and forget it option that rebalances itself, VTTSX is the honest answer to your question. If you want maximum long-term growth and can tolerate the sharper drops, a plain S&P 500 index fund at your existing brokerage is the simpler choice. I have used both styles over the years and either one is defensible for a young investor.

Old_Stable3308

Roth QQQM AVUV Taxable VTI VXUS 401K FXAIX VSCIX See yall in 15 years

Soggy_Diver_8170

Open up a brokerage account with Fidelity. Add money weekly to the account. Set it up so any money u add goes to SPAXX which is a money market account (current rate 3.47% I believe). Set up auto investments for some of your funds into FXAIX weekly or biweekly (this is a S&P 500 index fund). Then take your time and research which stocks to buy. If your risk tolerance is low stick to FXAIX. If not u win some u lose some, but find a company u believe in with good fundamentals poised for growth that u plan on keeping for a few years, and don’t sell when it goes down unless it looks like a total lost cause.

Only4TheShow

Ranking every option for *this* job — moving money out of the AI/megacap pile: 1. **BRK.B** — completely different businesses, cheapest valuation, no dividend. 2. **VTI / VTSAX** — best of the index funds; adds \~3,000 smaller companies you don't own. 3. **VOO / FXAIX / SPY** — broader than your book, but top-heavy with your names. 4. **QQQ** — mostly more of what you have. 5. **VUG / SCHG** — the growth half of the market only, which is exactly where you're already concentrated.

Fancy-Jackfruit8578

If FXAIX tanks 50%, the world has a bigger problem.

vrrrr

as someone who’s all in VTSAX and FXAIX, those can also tank 50% and mess with your head

Eazy12345678

ROTH IRA. portion every paycheck into VOO or FXAIX

Sensitive-Exam649

The point of an emergency fund is to have case available for the unexpected big bill. For example you get into an accident and have to stay in the hospital for a week. OR there is a storm and your home gets hit by lightening and your outlets and lights stop working. Or you get into an accident and need a new car. These thing do happen. The emergency fund was never designed to protect you from a market downturn which might last 1 to 10years based on historical data. The 6 months of living expenses is often recommended because anything more than that you would be better off with investing it. But if you invest it select an investment that will resolve your your biggest inviting concern. For example:If you don't want to sell stock in a downturn invest in a dividend fund like QQQI 13% yield. 100K invested in this fund will produce about 1K of income a month without selling any stock. And it is a tax efficient fund.. OR if you want money for a big expense you counld invest in grwoth index fund and selll that if you need money for home repair or cart replacement. ut I didn't just use QQQI. I also have SPYI, KGLD, EMO, UTF, UTG, AND PFF. These together generate 5K of income a month without selling. And they all generate qualified ro ROC dividends which are very tax efficient. And each fund having a different risk level. The lower yielding funds have a history of paying a dividend in the worst market year in living memory (2008) while the others have higher risk but very high yield. And I have 4 years of income FXAIX a S&P 500 index fund. And I have a roth and 401K. Yes it does take years build something like this. but the peace of mind of knowing that no mater what happens I can pay my bills and keep food on the table makes it worth the effort.

Responsible_Knee7632

Same as I have been for the past 8 years. FXAIX and proven dividend stocks. Not selling anything

dpfaber

If you are at least ten years out from retirement / drawdown then cash is a huge mistake. It will cost you directly the difference between inflation and your interest rate and indirectly the opportunity cost is HUGE. FXAIX has gained in every ten year period since it's inception and will continue to do so. Don't trade for non-investment reasons. Hold on to what you have and let it compound. FXAIX has worked well for you and it WILL make you rich someday. Cash will leave you with less and less spending power over the years.

JamesLahey08

FXAIX for the win

EdgeInformal8264

no buddy. no. s&p is all you need lol (FXAIX & SPMO)

AdriaReed

I wouldn't pay the 0.9% management fee for this setup.Since you already understand funds like FXAIX+FTEC, that fee will just eat up a huge chunk of your compounding gains over 20–30 years compared to DIY investing.Wealth management is mostly useful for complex tax or estate planning. At this stage, I would just consolidate those 401ks into a Rollover IRA and manage a simple, low-cost 2/3 fund portfolio myself for a much better long-term return.Btw, this is just my two cents.

dooknuckduster

VT at 0.06% or 6 BPS, or FZROX (think VTI, ITOT, or FXAIX) and FZILX (think VXUS or IXUS), in say 65% / 35% at 0 BPS or 0.00%

E2Hundo

Do it on your own, or simply use a Target Date Index Fund. FXAIX + FTIHX for 401k/IRA, or Vanguard VT for brokerage account.

TheNewKnew2

I would save the 1% commission and put it in FSKAX. Much wider diversification than FXAIX.

Ahamadrayasbaboon

Agreed. I do all that shit, but thats because I’m a nerd. With the (lack of) available info, dude might be able to go full FXAIX lump sum and every month and just track the TTM or SMA or whatever and be happy most decades. 

ExcellentWinner7542

Don't do it. Fidelity instead and just place it in FXAIX until you can determine where you want to diversify. I have an old ML account in the $2 million range and I get terrible service relative to a newer Fidelity account with only $300k. Right now you'll see over and over again VOO, VTI, VXUS and your done. This isn't wrong but be 85% VOO, 10% VTI, and 5% VXUS.

thetreece

In the US, you can easily get total market funds for under 0.1%. Popular funds can be very cheap (VTI is 0.03%, FXAIX is 0.015%). Fidelity even offers 0% funds. There basically no reason to pay more than like 0.2% in the US. The only reason you would even pay that much instead of like 0.05% on Fidelity and Vanguard index funds is if you wanted slightly fancier products like some of the Dimensional ETFs, or AVUV.

gabrintx

I remember being 25. :) Options are great to sell, but it's not budget friendly. One contract involves 100 shares of stock. In my opinion, low priced stocks should be avoided as they have very limited options opportunities. At your age, focus primarily about being smart with money. I also own mutual funds. These are purchased like stock, not limited to 100 at a time. I suggest that you start with them. Currently I am a fan of semiconductors/AI/tech. With an account a Fidelity, I keep long term positions in a few Mutual Funds, MFs. With FSELX being 80% of my holdings. It may not be forever but it has amazing earnings. Year to date, it's up 61%. It is about $64 per share. I hold some FXAIX, ytd 14.7% and FGRTX, ytd 15.9%. Compared to sitting in a savings account these are incredibly better. I suggest you buy some of these on a regular basis. Some amount you can afford monthly or whatever and just don't touch it and let it grow. I will post a clip of their performance data. https://preview.redd.it/3ggzp6lv9gjh1.png?width=1483&format=png&auto=webp&s=25c46ceefc4c5cb831bd0a388959b550ee33a10f

Eazy12345678

buy and hold. stocks go up and down dont like volatility buy VOO or FXAIX

WayFormer2073

VOO or FXAIX, get a job, automate so part of your paychecks go into your brokerage, automate buying of VOO or FXAIX

Trick_sleep

No. I don’t do any bonds. Similar age to you. FXAIX Or some mix of ETFs based on what you have in other taxable and 401k accounts.

jimmyredfoot

I contribute to a 401k through my job. The account is managed through Fidelity NetBenefits. There are 24 investment options offered: Nineteen (19) of the funds offered are Vanguard, three (3) are DFA, and there is only one Fidelity fund offered (FXAIX). Two if you count SPAXX. Why is this? I manage the rest of my old retirements accounts and an IRA through Fidelity and it seems silly I can't allocate into FIPFX or ome of the many Fidelity index funds, given that the account is held through Fidelity.

emmanuelibus

I'm sticking with a long term plan. FXAIX or VOOG.

moSNAP

Buy SPYM / IVV / VOO / SWPPX / FXAIX / SPY on bad pullback days and keep it easy. Now pay me $ for this advice. Is what I feel all of the investment groups are. They are and added expense ratio with zero guarantee. Have them print out CPA verified gains and then consider joining

ExcellentWinner7542

It's never too late in fact at 50 I would suggest 50% in VOO, VTI, or FXAIX and 40% in SCHD. The remaining 10% in a money market fund to use when there are dips.

Tortugasazules

Why SWPPX for Charles Schwab and FXAIX for Fidelity? Thanks, just trying to figure this all out.

amg-rx7

Go to your favorite financial news website that has a security charting feature. Type in VOO or FXAIX if you like mutual funds - or VT, VTI. Change the time factor to the equivalent of all. Check the direction of the chart. Check the % increase (growth). It is probably a continual line up and to the right. Play with the time range to see how things change but always eventually resolve up and to the right. Meaning that it is growing in value and your wealth is increasing. Now try to reconcile that actual data to your feelings and make a rational decision that you are comfortable with

throwawayainteasy

For someone in your shoes, it's hard to do better than something like and S&P index fund. There's lots of options (SPY, IVV, FXAIX, VFIAX), just decide whether you want a mutual fund version or an ETF version, and get the one that trades with no commissions/fees through your broker. Then it's set and forget. Zero learning or thought required. You're not guaranteed 5% every year, but the market average over long time periods has been at least or better than that (even accounting for inflation). It's about as good a set-and-forget approach as there is for the basic investor. There's been mountains of research showing that approach will very likely outperform anything any money manager can do for you.

ausbill32

I rebalanced my Fidelity 401k portfolio 2+ years ago and split it exactly even 50/50 between FCNKX (Contrafund) and FXAIX and after dividend reinvestments and 50% contributions split evenly since then, FXAIX is up only $157.90 over. FCNKX was over weight META last 2 years and I think some of that reduction has some value of the fund but I'm actually happy to have some Space X as it provides some contrast to the index fund.

greytoc

Since you have a Fidelity account - do you have access to Fidelity's ZERO fund products. Instead of FXAIX - the ZERO equivalent is FNILX if you have a concern about expense ratio. The mix in FFNOX is interesting and it's a valid choice as well. Are you limited to choosing 100% of 1 fund? You can always put some percentage into a US large cap fund and the rest into a diversified asset fund like FFNOX.

Throwaway122258

I have a portfolio at Fidelity with limited options. I’ve narrowed it down to either 100% FXAIX or 100% FFNOX (unfortunately there is no flexibility). The goal of this account for me is to maximize returns over a long period of time (I won’t touch any of the money for decades) and these two funds had the lowest expense ratio. FFNOX has 0.15% exp ratio and FXAIX has 0.0085% exp ratio but it looks like FFNOX has a little more returns. I’m not really sure how to evaluate this decision and I am a very inexperienced investor so appreciate any insights!

GrandmasterKane

If you don't need much growth and happy with what you got then pick targeted date Funds; they have bonds and international so grow slower but protect your money from major corrections close to your retirement. Pick FXAIX for almost no fee and faster growth.  You can also contribute post-tax. You can open BrokerageLink(pre-tax) and BrokerageLink Roth accounts to buy more Mutual Funds not listed here such as FBGRX, FOCPX, FSELX, FSCSX for even faster growth but with more risk for bigger downside.

ralphy1010

only one I've seen cheaper is FXAIX at 0.015

Andytriggs19

Baby, put it in FXAIX and you’ll be a millionaire in 10 years.

BlueJeansXoXo

Hi, I’m 32 years old from Puerto Rico and started taking investing serious this year. Current situation: 401(k): \~$100,000 contributing 10% to my 401(k) Fidelity taxable brokerage: \~$33,000. Contributing $400 every two weeks to the brokerage Emergency fund is already fully funded Mortgage is my only debt. My brokerage is currently invested primarily in: FXAIX (S&P 500 Index Fund) FTIHX (Total International Index Fund) Remaining cash is in SPAXX awaiting investment. Any recommendations?

Eazy12345678

pay off some bills or invest it in VOO or FXAIX

pi3r-rot

I just put some IRA money into FSELX and I'm already down $500 from the semiconductor crash + change in manager. I pulled out of a much more conservative fund to do it and feel incredibly stupid, but I don't want to panic sell if it'll rebound. Should I hold or accept the loss, bail fast, and just put it back into FXAIX?

ebmarhar

FXAIX, or target date fund if you're more comfortable with a conservative curated option. You can adjust the "safety" up and down by moving the target date. It doesn't have to be the year you're planning to retire. Good Luck, I've been happy with them.

dabrothergoose

Since you are 51, depending on how much longer you want to work. I would say at least do 50%-60% into FXAIX as its the S&P 500 fund. OR do 100% of it there depending on your risk tolerance and retirement goals/date. If you don't want to do 100%, I'd say do a mix of it and either international or bonds. Just my 2 cents and what your risk tolerance is and retirement plans are.

Ahamadrayasbaboon

I keep my entire 401k into FXAIX when possible. 

DistributionBroad173

Your employer did you solid, be sure to thank them. Although the American Funds are iffy because of the high expenses/fees. I am a firm believer in FXAIX in the 401k, set it and forget it. It is what my spouse and I did with our 401ks, although we were VFIAX, which is the same thing.

PashasMom

I would do either: Very simple: 100% Vanguard 2070 fund (unless you are a more conservative investor with a lower tolerance for volatility, then 100% VTIVX) OR More complicated: 60% FXAIX, 20% FSPSX, 10% FPADX, 10% FSMAX OR Middle ground: 75% FXAIX, 25% FSPSX

Nev-Ret-Dude

If you pick a target fund add 15 years to your expected retirement date as target funds are quite conservative. Otherwise 60 FXAIX 10, FPDAX 10, FSPSX 20. Just my take.

HammerDownl

FXAIX is the s&p 500 fund

maydayvoter11

I started in my mid-50s. For reasons I didn't want to get into, I didn't have the available cash flow until then. I started in my mid-50s so I can retire around 65-68yo. Now we live off my wife's income and all my income goes to investments and savings. Investment strategy is split between FXAIX and growth funds, Seeking Alpha's Alpha Picks, and Motley Fool Stock Advisor. I wish I had started 30 years ago, even with just a small amount. The three factors of investing are the amount you invest annually, the rate of return you get, and time, i.e., how long you invest and let it compound. You can adjust how much you invest and your rate of return, but time is the only factor you cannot get more of. For retirement investing, start early, even with just a small amount, and don't care about what it does today, tomorrow, next week, next month, or next year. Care about what it does 10-30 years from now.

jmardoxie

Consider Fidelity FXAIX . It performs very close to Vanguard ETF VOO.

mceehops

I mean you have seen a lot of replies, but geez, VTI or even SCHD or FXAIX 90% of that and just play with the 10%. Oof.

Muy_Division

Use the resources at your disposal, I assume you use Fidelity as your broker given FXAIX? They have a ton of content, they have a whole ‘investing for beginners’ series of articles and videos, I’d just start with that (easier to use on a laptop/PC vs a phone btw). There’s a lot to learn and it doesn’t happen overnight, so just be patient with it. Always ask yourself what you’re investing in and why. Read market news a few times a week, look at how different indices are performing, how different sectors are performing, how small and mid cap are doing vs large, ex-US markets etc. Good luck!

scrufdog69

You’re young. Expand into some tech funds like FBGRX along with FXAIX and any total foreign index fund from fidelity or Vanguard. Keep the foreign less than 30% of your portfolio.

Muy_Division

If you have a 30 year time horizon, you can be more aggressive than just investing in the S&P, while also being more diversified. Go to portfoliolabs and back test any typical SPX fund (VOO, SPY, FXAIX) vs a large growth/momentum fund like QQQM, SPYG, SCHG, SPMO etc., I think you’d be pretty surprised at the results. Also worth looking at year to date performance of SPX vs other major indices. Russell 2000 is up 20% while SPX is up around 10%. Emerging markets are up almost 23%. In fact, of all the major indices, SPX is only above the Dow for the year. My point is, diversification doesn’t just mean ‘add bonds’, equities are a very diverse asset class. SPX is fine, most long term investors have money in VOO or SPY or whatever (including myself), but you don’t have to limit yourself to it.

surftherapy

What’s your strategy been and how has it been going? I started retirement saving late (only have a small pension amount before changing careers) and have been loading up on FXAIX in my Roth IRA and 401k since I opened them. Everyone says diversify your portfolio but SPY historically yields 10% and I have 30 years left in the game before my target retirement date.

Kyzp

I get the ETF recommendations, but I buy Fidelity Index funds. They settle at the end of the day so that leaves you never worrying about share prices. Fidelity has very low expense ratios \[0% or 1.5%\] depending on if you want to invest in their proprietary funds or their tracking funds. My favorites are: FZROX; FSKAX; FXAIX; FNILX; and FZILX. I mostly invest in FZROX and FSKAX to get access to the total market in different forms. I then use FZILX for my international allocation. I like on a down day, I know where the fund will settle and I just put in a buy order right before closing. Super simple. Fidelity's website and App are the best in the business IMHO.

Nuclear_N

Not sure it matters. This is what I did. I am with Fidelity. I went to the mutual fund screener, and bought into the highest 3 year mutual funds, and highest 5 year returns. Led me to FXAIX, and FSELK. Eventually landing on SPY and QQQM as well.

toyz4me

If it’s my first $19k going into the market, I wouldn’t be trying to pick a single stock to try an hit it big I would get into o r or two of the ETFs that gives broader access to/ exposure to the markets. Such as: VOO IVV SPY VTI ITOT FXAIX

fn_gpsguy

As others have said, you shouldn’t need a FA for an $85k account. For the size of your account and the below market rate that he’s charging to manage your account, I wouldn’t expect him to invest these $600 deposits more frequently than quarterly at best. That being said, I understand your concern about managing your $85k yourself. I would start small. Open a taxable brokerage account at one of the discount brokerages like Fidelity, Schwab or Vanguard and start making your $600 deposits with them. Consider buying a low cost S&P 500 ETF like FXAIX or VOO. Once you are comfortable in managing your new account, consider doing an ACATS transfer from your $85k account to the new one. The new company can assist you with that. Assuming the $85k account doesn’t have any proprietary investments, you should be able to transfer the contents of it “in-kind” without having to sell anything (and creating capital gains). Say for example you own 5 shares of NVDA. After doing the transfer, you’d still own those 5 shares of NVDA.

1967C10

Simply communicating with a financial advisor sounds like more work than just auto-buying low cost index funds that track the S&P500, such as FXAIX or VOO. It's pretty simple.

1967C10

The least exciting investment strategy always finds a way to win. I like 90%+ into VOO/FXAIX low cost index funds and the rest do as you please (international, single stocks etc).

Gsusruls

Seems flat to me. I'm in FXAIX. Hasn't really budged for a month at least.

jmardoxie

You could split with Fidelity SP 500 like FXAIX and blue chip like Fidelity Blue Chip Growth. If you want to minimize risk and avoid an AI correction consider a dividend fund like Swab SCHD.

jmardoxie

VOO is a $684 ETF. Why not buy a mutual like Fidelity FXAIX which pretty much performs the same.

Ghostehz

I buy $100/week of FXAIX in my Roth and I’m happy with it

MCShayne1

Got into investing around christmas and recently started talking to a financial advisor. When I worked at Sherwin-Williams, I had a 401k through Fidelity that I rolled over into a Roth IRA after I quit. In the roth, I currently have money in the Freedom 2045, J&J, and FDRXX (which I later found out is just a holding account like SPAXX). I also have about 2k in FXAIX (not part of the IRA) that i've been using as a longer term savings account. He's suggested that I transfer everything to Franklin Dynatech due to higher growth over the long term and tracks well against other companies. There would be a fee to transfer everything (I think like 500) but he said he'd help manage it and grow it for me. I've done a bit of research but would still like to get some opinions. Part of me is considering sticking to Fidelity but another part of me is wondering if I'm missing out on money by not transferring to Dynatech? I was told that it's not recommended to invest in both (have a roth with both Fidelity and Dynatech).

cfaatwork

There are different flavors of mutual funds (and ETFs), some are index funds that track an index - these will have lower expense ratios, e.g., FXAIX at 0.015% that tracks the S&P 500. And then there are active mutual funds/ETFs that can have much higher expense ratios - these are typically to be avoided.

djpeteski

Yes they are legitimately free. What are your investment goals? Understanding them is important. Some money may have different goals than other dollars. (Example your 401K is meant for retirement, but you may also be savings for a house in a couple of years.) Assuming a long time frame you can open up a Fidelity account and do 30% of your money in FSELX, 30% in FDCPX, 30% in FXAIX, and the rest in FGRIX. It is a pretty easy portfolio that will make you a lot of money.

Ahamadrayasbaboon

SSO, GDX, FXAIX. Once SSO and GDX get called away, SPMO, QQQM and VONG are my next largest I think. 

InvestingNerd2020

It's a meme stock. No massive movements beyond a Gamestop like rise. Don't YOLO invest (hold for 5+ years) into it. However, a quick trade might make some quick cash. A better, yet boring, long-term investment would be into the S&P 500 fund (Index mutual or index ETF). SPYM for a taxable account, and FXAIX/SWPPX for a Roth IRA if eligible.

j_son997

Sounds like a good plan to me. But if she is planning on investing in FXAIX, it's important to know that it offers much less diversification, and therefore more exposure to certain sectors than it had in the past. The Magnificent 7 companies (Nvidia, Alphabet, Microsoft, Apple, Tesla, Amazon, and Meta) now make up a significant portion (over 1/3) of the S&P 500's total market capitalization. Basically, the index is much more dependent on the performance of the tech sector than it was in the past, and that isn't necessarily a bad thing if she wants more exposure to the tech sector specifically, but it also raises questions about how many coins you really want in one hat. If you want to diversify more while still maintaining broad stock market coverage, any of the small to mid-cap funds (like the S&P 400 and 600) would be good, as they have much smaller concentrations of stocks that could be deemed 'highly speculative assets'. While the S&P 400 and 600 have delivered slightly smaller returns compared to the S&P 500 (CAGR of \~12% for the S&P 400 and 600, compared to \~13% for the S&P 500), they are significantly more diversified and would suffer less if, for say, a tech downturn were to occur and cause significant losses in that industry. Honestly, though, just try to diversify. If she's planning on retiring in 2055 (I'm assuming that's what the Fidelity 2055 fund is), you have the advantage of time, so you can afford to be a bit more risky with your investments and turn out fine by the time it comes to retire.