I am contributing $1500/month towards my 401K, my split is 60% in FFFZX (Fidelity Target fund) & 40% in WFSPX (S&P 500 Index), Do you have a better idea? TC 130K YOE 13Y
Mutual funds are better bets than stocks. Also check if they are morning star 4 or 5 stars rating.
Thanks, will keep in mind.
When you use a target date fund such as FFFZX, you normally would not combine it with other funds. A good portion of a target date fund includes S&P 500 so you end up with lots of overlap. Also max out your contributions - $19k for 2019.
Thanks that's a good hint.
I just put up to the match.6% plus a 50% match. All at vanguard. Don’t have a lot there so don’t really pay a lot of attention to what’s happening there TC 220k Yoe 4
100% VTSAX
Full 19k a year, usually front loaded (already done for '19) to get full value out of market rest of year. Matched 5%. Also load full HSA. All stock index funds similar to VTSAX.
How it is effective? Market go down right? Ppl r advising to go for cost avg... just curious...
@vrguru, time in the market beats timing the market. They average up. There are studies that say over long periods being in the market beats timing the market. This is a micro-optimization though. As long as you're contributing a good amount, you're okay!
I would get the fuck out of FFFZX immediately. The reason is simple: Your expense ratio on FFFZX is 1%. That means you pay 1% for fidelity to manage your investment. (Your expense ratio on WFSPX is 0.04% - let that sink in, FFFZX has a 2400% higher fee). This means that for you to recoup your fee you would need FFFZX to beat the market by at least the amount of the fee. But if you do a quick search you see that FFFZX trails the SP. So you are losing twice, once by underperformance of the fund and a second time with high fees. Just put it all in WFSPX you'll thank yourself later
Thanks buddy moved all contributions to WFSPX :-)
Max it out!! No match but we have a great choice of low cost index funds. My portfolio has a weighted MER of 0.04
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Are you making a joke or you serious? Someone is seeking for an advice and you are playing with him/her.
Who says I’m making a joke? I think crypto should be a part of any investment strategy