SNXFX
SCHWAB 1000 INDEX FUND INVESTOR SHARES
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What's the closest fund from Fidelity that resembles SNXFX?
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Full transparency I have about half my saving in a Roth IRA SNXFX since 2020. A fraction of the same in a brokerage. If I were to diversify to let’s say a consumer staple or dividend fund, could I split between like I am with SNXFX or is one better suited for Roth or brokerage? I’m not messing with bonds just yet
That depends on your broker. Since I’m with Schwab I am in their 1000 index (SNXFX). I would just find out what S&P 500 index fund your broker has (many have their own) so you don’t buy others that incur a large fee.
You are over thinking the fractional whole share thing. The way to look at it, is that you are DOING SOMETHING. You can always log in and buy a whole shares by selling off some SNXFX. You are using one of the big three. Vanguard, Fidelity, Schwab Schwab, Vanguard, Fidelity Fidelity, Schwab, Vanguard whatever order you like as long as you use one of those three it is not a bad decision. All my friends from Colorado and west of the Rockies use Schwab. A lot of my friends from Ohio and to the east use Fidelity. I am the oddball and use Vanguard. I have been with Vanguard since 1983, and never been hacked or mistreated. I used Fidelity for about 25 years and they were fine. In retirement, I chose to consolidate everything so when I die, all assets are in one place, and I selected Vanguard.
You are overthinking the precision. Schwab doesn’t do fractional ETFs, but their mutual funds allow exact dollar investing. Swap your ETFs for Schwab’s mutual fund versions (like SWTSX for VTI and SWISX for VXUS) to hit your exact 80/15/5 split and invest every penny. If you stay with ETFs, put the leftovers into SWTSX instead of SNXFX. It is cheaper (0.03% vs 0.05% expense ratio) and tracks the total market just like VTI, making it a more efficient parking spot for your excess cash.
\> I could put the extra money into that isn’t SNXFX Don't sweat amounts less than $15 for a month. \> Should I move to another company who will allow my to buy fractional shares You could, but you have a $15 option there with SNXFX that performs about the same as VTI, so again, don't sweat having less than $15 uninvested for a month. At best you'll miss out on about $2 a year total compared to having fractional shares. You're doing fine. Also, since this is a Roth, you can swap things around whenever you want.
As stated the SWPPX S&P500 Index Fund split 6 for 1, and the SNXFX S&P1000 Index Fund split 10 for 1.
Thanks for the info, I had been wondering what the hell happened when I saw that my SWPPX position dropped \~83% today and now I know. For the curious, it appears a split for a mutual fund works a lot like a stock split in terms of the number of shares you end up with is increased by the factor of the split and the NAV is reduced by the factor of the split (6:1 in the case of SWPPX, 7:1 in the case of SWTSX, and 10:1 in the case of SNXFX) while the market value remains the same.
> Buy $125.12 SNXFX @ Market
I thought about that also, I was thinking of moving SWTSX for SNXFX for potential more growth but a little less risk
Yep. I do a three way split between SWISX, SWTSX, and SWAGX in an IRA. Check out bogleheads for a better breakdown. The percentage allocation can shift depending on your risk appetite. In a taxable account, I use SNXFX for cash I dont want behind a singular stock.
No point. That robo advisor is meant for those with far too much money to invest in a taxable brokerage account. For IRA investing stick to their core Index mutual funds. SWTSX (Total USA fund) SWPPX (S&P 500) SNXFX (Schwab 1000 fund) SWISX (International developed market).
I‘d like to hear what a risk free asset is which yield 4-6%. And SNXFX as mentioned by another reply is clearly not risk free.
SNXFX and similar ilk.
In short, no. They are great near retirement with less volitility. Not while you are building wealth. For building wealth long-term (until your mid 50s) with Charles Schwab, you are better off with these 3 primary choices below: - SWPPX (S&P 500) - SWTSX (Total USA fund) - SNXFX (Schwab 1000 fund) You can supplement it with international exposure (SWISX) or large cap growth (SWLGX). Max 30%.
If you want to find an alternative to a fund, usually the easiest way is to find out if it's an index tracked fund. Index providers like S&P will provide the list of funds that license and tract their indices. The other way is to check if the investment manager offers different classes of a mutual fund or a tracking ETF. In this case - SNXFX is a mutual fund offered by Schwab asset management. The fund tracks a Schwab index which is available as an ETF offering - [https://www.schwabassetmanagement.com/products/schk](https://www.schwabassetmanagement.com/products/schk) ETFs are available on Fidelity.
I don't get why this was down voted. Using portfolio visualizer and investing $500 per month into SNXFX for 25+ years would yield a million dollars. Not too far off from SPY with a slightly lower expense ratio.
So for my retirement: My entire Roth is all SNXFX I had to roll over my 401k into an IRA due to switching jobs. It had about 10k in it. I bought equal parts of: GOOG MSFT AAPL F O DIS Any thoughts on this?
Stuff like SNXFX averages 15% a year.
Too much. All you need is: A) 80% SNXFX and 20% SWISX. Or B) 80% SNXFX and 20% VGSNX
Don't do that for one year of bad returns. VTI is down 18%, so it has had a worse 2022 than SNXFX or SCHK. Look at the expense ratio and long-term returns via portfolio visualizer. The returns are very close. The expense ratio is slightly lower with VTI. Since January 2002 to June 2022, - SNXFX averages 10.01% returns. - VTI averages 10.16% returns.
Sure, you can ..... but considering this is the "daily discussion" thread, I usualy default to assuming that the OP does not know that VOO is a collection of funds and not a fund itself. Its a numbers game. The number of people that pass through here who think that VOO is a company onto itself is high and the number of people that understand that VOO is a container that holds other companies is low. So my first bit of advice to everyone is just to check to make sure they understand that VOO is a container. Maybe I am just jaded, but I have seen one too many people ask stuff like "Hi guys, I currently investing 330% VOO + 33% SCHX + 33% ILCB but I want to diversify. Should I go with SNXFX or with VLCAX" and my knee jerk reaction is always to assume the OP doesn't know they are actually doubling down.
Simple Portfolio, thinking of consolidating the mid cap and small cap funds to maybe SWTSX once more of the losses from the past few months are recovered. 401k is all Schwab 1000 SNXFX 64% overall IRA International SWISX 11.5% Small Cap SWSSX 11.9% Mid Cap SWMCX 12.6%
That's a good perspective. Currently invested in SNXFX. I'm constantly adding about $500 every month from my paycheck to my Roth, so I believe it's worth a gamble on Meta.
I've been sitting on a lump sum (about 10k) to invest in my Roth and am wondering if now is the right time to buy in. I'm in my early 20s and this is money for my retirement so I'm not in great need of an immediate return, simply trying to get the most shares of SNXFX as possible for my money. I bought about 1k worth of shares last week amid the panic selling. Do you think I should go all in today, or with the Ukraine situation and the impending fed hikes, will the market go even lower?
I decided to take a small bite and just bought 10 shares of SNXFX because it's currently at a 6 month low. But I have a nice stack of cash at the ready after the fed meetings next week. Hoping to buy the dip
I personally share a lot of your concerns. I just began investing and opened my Roth in December with a max contribution. I decided I'm going to invest an additional $500 into SNXFX every month, regardless of market prices. But I'll sit on last year's max contribution of 6k for at least a quarter. I believe a correction is coming to the S&P, so I'll wait until it's at least down 10% or until March when rates are hiked.
I just put $500 into the SNXFX mutual fund on Charles Schwab. I plan on putting a few hundred into this every 2 weeks. Can I withdraw it at any time with no fee? I don’t wanna wait till I’m 65 to have access to my investments. I’m only 23 and would rather enjoy life at 35 or 40. Maybe I shouldn’t be getting into mutual funds in the first place?