I have some 100k plus in fidelity and I don’t know if they are invested MF or ETFs. Recently I studied that MF perform below market and they have high fees. Iwant to move all my money to etfs. How do I find the fund invested in is MF or not.
Mfs don’t perform below the market. ETFs don’t perform above the market. There are mfs with low fees and there are etfs with high fees. The only big difference is that you usually can’t buy fractional etfs. Just put everything into sp500 mutual fund/etf and forget about it.
Basically, ETFs ARE the market :-P
Definitely no. Check XBI for example. ETFs are stocks that track multiple stocks and give access to it like it’s a separate company. Some track the whole industry, the whole market, some specific magic formula or whatever. Mutual funds are doing the same but a bit differently. There are definitely bad mutual funds that have excessive fees but vanguard, fidelity and a few other companies provide fairly decent and cheap mutual funds. Before selecting etfs and mutual funds always check them on Morningstar.
You should get asset alocation report from Fidelity (online or paper). If you want low cost ETFs only, rollover to Guideline or self managed IRA.
Depends on what MF. Index funds are one kind of MF and they tend to do better than actively managed mutual funds
If you’re buying and holding ETFs vs MFs dont matter. Just buy the cheapest fund indexed to your benchmark of choice
Most 401k funds are mutual funds and that is entirely okay, as others have described. Just look up the fees of the fund. What you read about were actively managed funds with high fees, and yes those are generally to be avoided. For example VTSAX is a mutual fund, and VTI is an ETF. Vanguard offers them both with the same low fees, and they track the same investments. MF and ETF are just investment structures and what matters is how and what they invest in.
Target fund ftw.