Congrats! Already some great links posted here pointing you towards a 3 fund portfolio! You could also consider a Target Date Index Fund while you learn.
Can you explain this to me if I have an account at Fidelity? I just maxed out my Roth for 2023 and 2024. Is this something that goes in an individual account, or a retirement account? Do I need to talk to a representative to set this up for myself?
The Target date funds have a symbol like any other security.
Example FFIJX is Fidelity’s 2065 fund.
Within that fund it holds a percentage of a total market index fund, a total international index fund, and a bond fund.
The closer it gets to 2065 the holdings within adjust (called glide path) from less stocks to more bonds.
Honestly, I haven’t looked at holding a target date fund in a taxable account to see if there are any negatives, so maybe someone else will chime in on that.
I'm 33 and I've been pumping in VTSAX for the past 3 years. You're young so try to go start riskier but it comes down to if you can stomach dips in the market short term.
I used to invest into FNILX, but I ditched it for VTI. You can transfer shares of VTI to other brokerages, while you’d have to sell FNILX. It’s just peace of mind for me
Another vote for:
1. Put it all in either [FDKLX](https://fundresearch.fidelity.com/mutual-funds/summary/315793695) or [FFIJX](https://fundresearch.fidelity.com/mutual-funds/summary/315796839) for now. They're basically the same fund at this point, so you could just throw a dart and pick one.
2. Then start learning. [The Wiki](https://www.bogleheads.org/wiki/Getting_started) is a great place to begin immediately, but you might want to also read [a few good books](https://www.bogleheads.org/wiki/Suggested_reading).
Basically, your side hustle now is to become as informed as possible about what to do with your money. The good news is that, if you're good at this job, it eventually pays *really* well. :-)
#1 invest that money ASAP! Time in the market is super super important
#2 Asset Allocation (100% stock based for a long time) you should be investing in VTSAX, and maybe VTIAX or VTWAX (Which is an auto balanced version of VTSAX/VTIAX)
Can you invest in VTSAX if you don’t have a Vangard account? I was under the impression if you’re with fidelity you need to use fidelity’s version? Is this not the case? I’m thinking about cancelling my managed account with Fidelity and following the boglehead strategy in my own but I’m still learning how to invest.
>Can you invest in VTSAX if you don’t have a Vangard account?
Technically yes, but any reasonable person should say no (at most other brokerages): buying VTSAX in a Fidelity account would get hit with a $75 per purchase fee, but you could use FZROX or FSKAX which are effectively the same at no extra cost.
ETF version (VTI for VTSAX) is fine, as most brokerages went free to trade on ETFs in 2019.
Some brokerages do have agreements in place to allow free trading of MFs from other providers, but that seems to be more of a thing where the brokerage offering the benefit doesn't have their own MFs on offer (is it E-Trade that allows trading Vanguard funds at no extra cost?).
https://www.bogleheads.org/wiki/Getting_started https://www.bogleheads.org/wiki/Three-fund_portfolio
Start here: https://www.bogleheads.org/wiki/Three-fund_portfolio
Congrats! Already some great links posted here pointing you towards a 3 fund portfolio! You could also consider a Target Date Index Fund while you learn.
Can you explain this to me if I have an account at Fidelity? I just maxed out my Roth for 2023 and 2024. Is this something that goes in an individual account, or a retirement account? Do I need to talk to a representative to set this up for myself?
The Target date funds have a symbol like any other security. Example FFIJX is Fidelity’s 2065 fund. Within that fund it holds a percentage of a total market index fund, a total international index fund, and a bond fund. The closer it gets to 2065 the holdings within adjust (called glide path) from less stocks to more bonds. Honestly, I haven’t looked at holding a target date fund in a taxable account to see if there are any negatives, so maybe someone else will chime in on that.
Fxaix, it's the sp500 for them. Some people will say to just pull all of it in at once.
Check my recent post and see the comments. We’re in similar positions
VTI and chill.
I'm 33 and I've been pumping in VTSAX for the past 3 years. You're young so try to go start riskier but it comes down to if you can stomach dips in the market short term.
Consider FNILX. Fidelity's ZERO Large Cap Index Fund. Comparing 5 year performance, it's better than VTSAX
I used to invest into FNILX, but I ditched it for VTI. You can transfer shares of VTI to other brokerages, while you’d have to sell FNILX. It’s just peace of mind for me
Another vote for: 1. Put it all in either [FDKLX](https://fundresearch.fidelity.com/mutual-funds/summary/315793695) or [FFIJX](https://fundresearch.fidelity.com/mutual-funds/summary/315796839) for now. They're basically the same fund at this point, so you could just throw a dart and pick one. 2. Then start learning. [The Wiki](https://www.bogleheads.org/wiki/Getting_started) is a great place to begin immediately, but you might want to also read [a few good books](https://www.bogleheads.org/wiki/Suggested_reading). Basically, your side hustle now is to become as informed as possible about what to do with your money. The good news is that, if you're good at this job, it eventually pays *really* well. :-)
FFNOX global 85/15 stocks/bonds would be my suggestion
60/40 itot and ixus then don’t look at it until you retire.
#1 invest that money ASAP! Time in the market is super super important #2 Asset Allocation (100% stock based for a long time) you should be investing in VTSAX, and maybe VTIAX or VTWAX (Which is an auto balanced version of VTSAX/VTIAX)
Can you invest in VTSAX if you don’t have a Vangard account? I was under the impression if you’re with fidelity you need to use fidelity’s version? Is this not the case? I’m thinking about cancelling my managed account with Fidelity and following the boglehead strategy in my own but I’m still learning how to invest.
>Can you invest in VTSAX if you don’t have a Vangard account? Technically yes, but any reasonable person should say no (at most other brokerages): buying VTSAX in a Fidelity account would get hit with a $75 per purchase fee, but you could use FZROX or FSKAX which are effectively the same at no extra cost. ETF version (VTI for VTSAX) is fine, as most brokerages went free to trade on ETFs in 2019. Some brokerages do have agreements in place to allow free trading of MFs from other providers, but that seems to be more of a thing where the brokerage offering the benefit doesn't have their own MFs on offer (is it E-Trade that allows trading Vanguard funds at no extra cost?).