FZIPX
FIDELITY ZERO EXTENDED MARKET INDEX FUND
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Is FZIPX same as AVUV? Looking for Low ER small cap ETF
0% Expense Ratio Mutual Funds Vs Indexed ETFs
Using Fidelity Zero expense ratio mutual funds as a cash like position for trading
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You don't need both FSMAX and FZIPX because they're the same thing. Otherwise this is reasonable.
I currently have a brokerage and Roth IRA open with fidelity. I’ve been investing in 4 Fund specifically in both . FNILX,FSMAX,FZILX,FZIPX. I’m doing a 80% domestic and 20% foreign split. For my domestic split in itself I put about 60% into FNILX and the rest split evenly into FSMAX and FZIPX. Is this a good split? I’ve also been thinking about putting 5% into crypto specifically bitcoin. Im 23 years old and just started a job with a salary of 54,000. I live at home and plan to go back to school again so this year is a savings year.
1. FNILX 65% 2. FZILX 25% (or substitute FSPSX if you aren't interested in emerging markets) 3. FZIPX 10%
Vanguard is fine, but for a Roth, Fidelity is a better choice. Why? Their Zero funds — NO expense ratio or other fees. You can put together a solid portfolio using FNILX, FZIPX, and FZILX, roughly 50/30/20. Yes, you have to sell positions before transferring out of Fidelity, but in a Roth there are no negative tax implications. Remember, the most important thing is not what you invest in, but that you earn, save or somehow otherwise find the money to invest. A great initial goal is to max out your Roth IRA. That’s $7K a year, just under $600 a month. Again, 95% of people spend 95% of their resources looking for the next hot stock or fund, and 5% of their efforts trying to max their contribution. Of course, it should be the other way around
If you're at Fidelity, look at the four "Fidelity Zero" funds, see what their investment focus is. You might get rid of one or both of the Vanguard funds. (FZROX is Total Market. I don't remember the rest, but they're named along the same lines: FZIPX, FNILX, etc.)
No financial penalty from Fidelity, just that they would force you to sell FZROX (and any FZILX, FNILX, and FZIPX) before moving. This isn't an issue in tax advantaged accounts like IRAs, as you'd just move the cash and buy in at the new brokerage.
Fidelity is pretty awesome as a [one stop shop](https://www.bogleheads.org/wiki/Fidelity:_one_stop_shop) They have excellent 24 hr customer service. The app is good. Better than Vanguard. Website is very good. The Cash Management Account is great as combo high yield savings/checking/BillPay account with check writing and a debit card. All ATM fees are refunded. The auto liquidation feature allows you to use a treasury money market (FDLXX) as a defacto core position (no state tax). You can also buy CDs with a CMA. Allows auto buys of fractional ETFs. Offers 529s, HSAs, DAFs etc. Fidelity Crypto allows direct custody and transfers of crypto. Good fixed income tools. Fidelity credit card is unlimited 2% if deposited into core position Local branches Fee free mutual funds. (FZROX, FZIPX, FNILX, FZILX) r/fidelityinvestments & r/fidelitycrypto are staffed by actual Fidelity employees who provide customer support. Cons: They put **very** long holds (10 **business** days/2 weeks) when you pull funds from another bank. If you push, it’s availible immediately or within a day. No Zelle No Plaid for linking ACH
I already own FZROX which I really like. This FZIPX looks perfect. Thank you!
>If it was a Fidelity Zero fund.....even better. FZIPX. It picks up where FNILX ends. Together in the right ratio (which highly favors FNILX), they basically form FZROX. VXF is another common one.
I’m asking if ya’ll know if it’s still better to opt for the FZROX + FZIPX + FZILX even though it’s underperforming compared to FZROX + FZILX in last 6 years as the retirement timeline is quite extended compared to a mere 6 years of time.
Please help me, I'm just starting out. What are your opinions on this breakdown?: In Roth IRA - Fidelity ZERO Total Market Index Fund (FZROX): 40% Fidelity ZERO Large Cap Index Fund (FNILX): 30% Fidelity ZERO Extended Market Index Fund (FZIPX): 15% Fidelity ZERO International Index Fund (FZILX): 15% In Taxable Fidelity Brokerage Account - Vanguard Total Stock Market ETF (VTI): 40% Vanguard S&P 500 ETF (VOO): 30% Vanguard Extended Market ETF (VXF): 15% Vanguard FTSE All-World ex-US ETF (VEU): 15%
I'm on Fidelity and currently have FZILX, FZIPX, and FZROX. My portfolio has a 1-year cumulative pre-tax return of 21.43% vs the S&P return of 24.62% according to the app. Thinking of doing FXAIX, QQQM, and something international maybe for this year. Please give some advice on if I should do QQQM instead of TQQQ or what else in my Roth IRA. I'm 23
> I'm wondering if this was a good idea (1) What difference does it make now, eh? > which has a high expense ratio. (2) Why buy Vanguard funds in a Fidelity account? Have you looked at the "Fidelity Zero" funds -- FZROX, FNILX, FZILX, FZIPX?
Why so light on ex-US? at 5%, you're not getting much of any benefit. Common current recommendations would be closer to 40% of stock. Why not merge FNILX + FZIPX into FZROX? FSRNX may already by covered by FNILX/FZIPX or FZROX. SCHD and FSPGX are covered by FZROX/FNILX and maybe FZIPX. Why SCHD? Why FSPGX? >I want to be aggressive for future growth. Be sure you aren't mistaking performance chasing with being aggressive or thinking that recent past is a good predictor for how the future will play out (this is especially relevant to the large growth tilt and massive under weight on ex-US).
If you believe in the three fund portfolio: total, international, bonds would be something like FZROX/FZILX/FXNAX. You could go some combination of large cap and mid/small cap: FNILX/FZIPX Or just VTI AND CHILL: FZROX
> assume FZIPX is considered an AVUV equivalent? They aren't similar. It doesn't look like they have any of their top 20 holdings in common. > Looking for low-ER version of AVUV Don't. Expense ratio doesn't matter. Total return does. FZIPX is up 4% for the last three years while AVUV is up 42%. That doesn't mean you should buy AVUV, but it does mean the difference in expense ratio is totally trivial.
The thing about the Zero funds is that they are "close enough" but legally distinct than their trackers. Like, S&P500 ETFs pay to use the Standard and Poor's 500 Index, it's part of the management fees. I have FNILX which is, all intents and purposes, the Fidelity Zero S&P500 fund, but it is a "large cap blue chip blend" fund because it definitely doesn't use the S&P 500 index but totes invests in the top 500-ish companies according to some...standards, which if indexed, would be called a 500 fund. FZIPX is "basically" the Russell 2000 small cap index-adjacent. AVUV is like the Russell 2000, but even more stringent - it has 735 of the best performing small cap as opposed to the Russell's 2000. In this instance, the AVUV fees are to pay bald-headed math nerds in New England to pick the best stocks according to their metrics, while the FZIPX fund is like fuck em we ball.
They don't compare performance wise, AVUV historically has vastly outperformed FZIPX. And none of these are in the same category (AVUV, FZIPX, VTI). AVUV is the only one I would consider. VOO is a solid choice of course.
Fidelity has a family of no fee funds you should take a look at. FZROX: Fidelity ZERO Total Market Index Fund FNILX: Fidelity ZERO Large Cap Index Fund (S&P 500 index fund) FZIPX: Fidelity ZERO Extended Market Index Fund (small and mid-cap) FZILX: Fidelity ZERO International Index Fund I'd probably do 90% FZROX, 10% FZILX. Or 60% FNILX, 30% FZIPX, 10% FZILX.
I know of four: * FNILX - US large caps (the 500, basically) * FZIPX - Extended US market (the next 2000, more or less) * FZROX - Total US market (those first two combined) * FZILX - International (everywhere but the US) large & mid-caps They really are zero expense ratio, the catch is that you can only buy them and keep them *at Fidelity*. If you wanted to change brokers you couldn't transfer your shares in FZROX like you could VTSAX or FSKAX, you'd have to sell it and buy something comparable on the other side. For a tax-deferred account that's probably not a concern. \[I don't use the proper names for indices because strictly speaking the Zeroes are based on Fidelity proprietary indices. I don't know why, licensing or something?\]
Thank you! After doing some investigating last night, I realized that FZROX has a lot of the same of FNILX and FZIPX, so I’m going to dump those two.
Check out FZIPX if you want total market without dropping your FXAIX. Might have to do a little more research but I believe it’s something like 80% FXAIX + 20% FZIPX = FZROX. And FZIPX has no expense ratio on Fidelity.
I've used the Zero funds (in varying parts FZROX, FNILX, and FZIPX) basically since they launched. Thus far, it's been fine, e.g. [here is FZROX vs. FSKAX](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=FZROX&allocation1_1=100&symbol2=FSKAX&allocation2_2=100), behaving basically like clones. [FZIPX vs. FSMAX there's a bit more gap](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=FZIPX&allocation1_1=100&symbol2=FSMAX&allocation2_2=100) (zero had worse 2020/21 but less-bad 2022). But, of course, they've only existed for a few years, so this is hardly long-term data. The knock I recall seeing (when I was initially thinking about it) is that they *approximate* the index they're trying to mimic with their own, smaller, proprietary mix. So, for example, [FZROX has 2688 holdings](https://fundresearch.fidelity.com/mutual-funds/summary/31635T708), while [FSKAX has 3956 holdings](https://fundresearch.fidelity.com/mutual-funds/summary/315911693). Do you trust their methods, or would you prefer to pay a handful of basis points for the (still very cheap) normal index alternative?
I considered this when it was announced. Once you factor in that the 3% match is really a 2% match because of the fee for gold and the fact that you can save money on the expense fees at Fidelity by using the fidelity zero fee funds (FZROX, FZILX, FNILX, FZIPX) the difference is tiny. Add to that the fact that I feel more confident in Fidelity vs. Robinhood, and they offer more services and better customer service. So at the end of the day I don’t think it’s worth it, but I hope the fact that Robinhood is doing this leads to other brokerages competing and offering similar perks.
First thing I would do is get a job so that you can MAX OUT the 401k and collect social security for the rest of your life. Next up is a simple strategy to invest all of the money over the next 24 months into a program that gives you a 50% stock 50% bond portfolio. Today, you need to START LADDERING $1,200,000 into Treasuries or CDs. $150,000 will mature every quarter. You also need to open a Fidelity account and start buying $7,500 every week into their Zero-Fee funds. FZIPX - FNILX - FZROX. $2500 of each ticker, every week. When your first bond matures, and for each quarterly maturation thereafter, keep laddering half of it and send the other half to your equities account to keep funding your $7,500 weekly equities purchases. In 24 months you’ll have about $770,000 in bonds and more or less the same in equities. In five years, you’ll have more or less $1,800,000 in these accounts and W2 income + social security to make up for being just shy of your $2 Million goal. [Fidelity Zero Fee Index Funds](https://www.fidelity.com/mutual-funds/investing-ideas/index-funds?imm_pid=700000001009773&immid=100820_SEA&imm_eid=ep35516329202&utm_source=GOOGLE&utm_medium=paid_search&utm_account_id=700000001009773&utm_campaign=MUT&utm_content=58700004265124962&utm_term=fidelity+no+fee+funds&utm_campaign_id=100820&utm_id=71700000009120110&gad=1&gclid=CjwKCAjw5MOlBhBTEiwAAJ8e1tmSvD5hs0eAvZhIMwW7rZGVzKs0tI7wjhBhRUEMosWURJ8BIPujAhoCg0gQAvD_BwE&gclsrc=aw.ds) You can even keep going beyond 24 months and continue building the equity position by rolling half of the maturing bonds into stocks continually
First thing I would do is get a job so that you can collect social security for the rest of your life. Next up is a simple up strategy to invest all of the money over the next 24 months into a program that gives you a 50% stock 50% bond portfolio. Today, you need to start laddering $1,200,000 into Treasuries or CDs. $150,000 will mature every quarter. You also need to open a Fidelity account and start buying $7,500 every week into their Zero-Fee funds. FZIPX - FNILX - FZROX. $2500 of each ticker, every week. When your first bond matures, keep laddering half of it and send the other half to your equities account to keep funding your equities purchases. [Fidelity Zero Fee Index Funds](https://www.fidelity.com/mutual-funds/investing-ideas/index-funds?imm_pid=700000001009773&immid=100820_SEA&imm_eid=ep35516329202&utm_source=GOOGLE&utm_medium=paid_search&utm_account_id=700000001009773&utm_campaign=MUT&utm_content=58700004265124962&utm_term=fidelity+no+fee+funds&utm_campaign_id=100820&utm_id=71700000009120110&gad=1&gclid=CjwKCAjw5MOlBhBTEiwAAJ8e1tmSvD5hs0eAvZhIMwW7rZGVzKs0tI7wjhBhRUEMosWURJ8BIPujAhoCg0gQAvD_BwE&gclsrc=aw.ds)
>use all four of their zero funds. (Yes there's some investment overlap but I accepted tha I'm curious as to why? FZROX is essentially just FNILX + FZIPX combined into one at the right ratios. If you want to tilt towards large or extended, I could see using 3 (FZROX + FZILX + the 1 tilt; or FNILX + FZIPX + FZILX), but not all 4.
Fidelity has some great index funds. >specifically the zero expense fund, FZROX. They have 3 other Zero funds (FZILX international, FNILX US large cap only, FZIPX US extended market only). All can only be held at Fidelity, which isn't a big deal in tax advantaged accounts like IRAs, but makes them not a great idea for taxable accounts. Extra holdings in other total market funds vs lower ER with the Zero funds. That's the main tradeoff. Some people may bring up things like dividend frequency or lending, but those aren't really a big deal (the fund internally reinvests making that a non-issue, lending goes to the fund). >but I've been thinking maybe putting it in VTI would be better? They seem to trade places depending on if large caps or small caps are more in favor. Large favors FZROX, small favors VTI. >with about 10% being in the international market fund Why so light?
Wanted to do the DCA approach on VOO but apparently Fidelity only automates investments for mutual funds, not ETFs. Few questions here - 1. Am I better off investing on index funds owned by Fidelity (eg: FZIPX or FNIL) rather than VOO (coz of this technical rule issue) if I just wish to invest passively? 2. What are some good resources besides Investopedia to read about how to do DCA for my purposes? I've read a bit of Schwab's blogs and Motley Fool - but nothing in depth. 3. How many hours per week should a beginner investor put into reading up on index funds and stocks? I merely wish to have passive sources of growing income as I age/grow in career.
As long as you do not buy FZIPX, F, VOX, and VUG in your Roth you will be ok. So if you sold FZIPX, F, VOX, and VUG and then turn around and buy VTI/VOO(some other fund) it is currently not a wash.
That does make sense. I'm actually being less diversified by being more diversified. I actually own quite a few of the fidelity market funds, my original post was a little misleading. I just couldn't think of the tickers offhand. I also have FSLEX, FNILX, FZROX, FZIPX, FZILX, FSHCX so those have lots of different holdings. I just have a lot of FOMO of missing the one that's going to have that 20% year. It does make things complicated
Buy FZROX, FZILX, FZIPX or FNILX for zero expense ratio.
I am retired, so all my investments are in taxable accounts. I have 3 of the Fidelity zero fee funds. FZROX,FZIPX and FZILX. FZROX has 2631 holdings, FZIPX has has 2115 holdings and FZILX has 2386 holdings. FZROX is my biggest holding as I contribute 600 per month currently into FZROX and about 150 each month into the other 2 funds. Fidelity uses their own proprietary index to track instead of paying S&P 500 a fee. The thing is it tracks 99% of the same companies so it is a non issue really, like a penny chasing a nickel. Most Vanguard funds have a 3,000 minimum to get in except for Star fund and their target date funds which are $1000. Fidelity has no minimum to start which for a young investor just starting out that 3K minimum can be a pretty big hurdle initially just to get in the game. Nothing wrong with Fidelity zero funds IMO, but Schwab and Vanguard are also good. FTR I also have a Vanguard STAR fund, 0.31% ER and a Wellington fund that has a 0.22% ER. I consider any ER above 0.50% to be too high.
From an investing standpoint - you investment options seem reasonable. It looks like you are using Fidelity as a broker. Two things that you could consider: 1. There are zero expense funds that are similar to FSKAX and FXAIX. For example - FZIPX instead of FSKAX. And FNILX instead of FXAIX. 2. If your savings and checking are not yielding market rates - you may want to consider putting it into a money market fund or the automatic sweep fund at Fidelity. It would at least generate an additional yield while interest rates are up for the foreseeable future.
Fidelity has 4 ZERO Index funds. They have $0 fees. FXAIX is their S&P 500 Index fund, the FZROX is a total market index fund. There are two other, an extended market and and international index funds FNILX and FZIPX. (Double check those symbols). Zero cost and you don't have to worry, manage or change anything until retire.
I would consider an index fund (not an ETF) that holds the portion of the market you want to invest in. Look for a low expense ratio and low turnover rate. Fidelity has a handful of zero expense ratio funds for Fidelity customers (FNILX, FZIPX, FZOLX, FLILX). I'm not sure if the other investment firms have similar products or not.
I invest most of my money in FZROX and FZILX and supplement in FXAIX and FZIPX. I'll keep doing it all the way down.
Yup, 4 of them. I copied and pasted here from their web site: Fidelity® ZERO Large Cap Index Fund (FNILX) Fidelity® ZERO Extended Market Index Fund (FZIPX) Fidelity® ZERO Total Market Index Fund (FZROX) Fidelity® ZERO International Index Fund (FZILX)
The 2nd portfolio since you are young. With a 70% FXAIX, 20% FZIPX, 5%% FSVIX, and 5% QQQM.
Two separate portfolios. Which one do you all like better? Both portfolios are for long term growth. It is for a 25 year old who will be opening up a Roth IRA and will not be touching the money until retirement age (60 years old) Portfolio #1 - Fidelity total market index fund (FSKAX), Fidelity zero total international market (FZIPX), Fidelity U.S. bond index fund (FXNAX) Portfolio #2 - Fidelity 500 index fund (FAXIX), Fidelity zero total international market (FZIPX), Fidelity small cap value (FSVIX) , QQQM which portfolio do you guys like better and why?
FSKAX is a US total market index mutual fund that has lower fees than any comparable ETF. Same with FXAIX. Then there are 4 index mutual funds with no fees at all (FZROX, FZILX, FNILX, FZIPX). ​ Mutual funds don't have to be expensive and they certainly don't have to be actively managed.
I paired FZROX with FZIPX and FZILX, the last being international. This is in my IRA. Returns are pretty good, it's gone down a bit recently like everything else, but it never went below my cost basis. Maybe take a look at those and see if it fits your strategy. Not professional advice by any means, but I've been happy with these. If you want I can check on the % of each, I don't check that account much.
Any of the Fidelity zeros are fine. The only warning is that (9 times out of 10) you shouldn't be holding FZROX and FNILX both at the same time, nor should you be holding FZROX and FZIPX at the same time. For rebalancing purposes, probably a third FNILX + a third FZIPX + a third FZILX would be the most simple. This way its easy to see what to rebalance by just looking at what one has the largest dollar amount. This also assumes your doing stuff like having an emergency fund and using tax advantage accounts for whatever nation you are from.
Please advice on investing in few funds to diversify. I'm based in USA. Someone recommended FNILX, FZILX, FZIPX, IVV, IVW. Thank you!
>Fidelity's lower fee index products use their own proprietary index That's their Zero line (FZROX, FZILX, FNILX, FZIPX), it does not apply to any that do have ERs, like FXAIX. >Vanguard is legally obligated to charge the lowest possible fee for any given index, making the Vanguard funds the logical choice. Fidelity offers lower, even using name brand indexes. >Finally, the ETFs usually have lower expense ratios, so VTI makes the most sense. It will buy the entire stock market and has a rock bottom 0.03% ER. Fidelity's non-Zero FSKAX (total market) and FXAIX (S&P 500) are 0.015%, half of VTI's 0.03%. Taxes and performance (especially of the total market style funds) may be different. /u/Dirtychorizo
Fidelity has other funds that point out ERs to 3 decimal places (FSKAX at 0.015% for example). Zero is built into the funds name (and even symbols!) for these: FZROX, FNILX, FZIPX, FZILX. Vanguard is often 0.0x%, but for the past several years, Fidelity has beat Vanguard on the ER race to the bottom, even if you ignore the Zero line of funds.
>So, the S&P fund uses the "similar to but distinctly different for trademark purposes from SP 500" index. In particular, this one and the "extended market" one, FNILX and FZIPX respectively, seem to be more strictly cap based than S&P 500 is: FNILX had Tesla for most, if not all of 2020, while real S&P 500 funds didn't get it until December 2020.
I have always wondered about this. About 90% of my portfolio is FNILX, FZILX, and FZIPX. I own these in both my IRA account and my brokerage.
A question about getting into bond ETFs/Mutual Funds I'm a 24 year old living in the US, I trade with Fidelity. Aside from cash, 100% of my current investments are in funds (FNILX, FZILX, FZIPX). Going forward I want to dedicate 7% of my monthly savings to bonds. I'd like to add bonds to my portfolio as I will want to have some money accessible to me in 3-7 years for a larger purchase. I'd like to protect my self against inflation generally so I don't want to hold just cash. I also don't want to be at the whim of larger market fluctuations that my current investments may have. I'm looking for information on which different styles of bond funds might be right for me. Inflation protected bonds? Short term bonds? Total bond index? Fidelity Specific bond recommendations are also appreciated :-)