All my roth IRA and non-401k investments are in VTSAX/VTWAX in Vanguard. All my 401(k) is in Fidelity in whatever their VTSAX-equivalent is. I'm thinking of trying out VOO/VTI with my future 401(k) investments, and was wondering what is Fidelity's equivalent of them?
You can buy $VOO in Fidelity. If you want a 0 cost fund in Fidelity that tracks Sp500 use $FNILX, but note that you will have to sell to transfer. It’s best to use this in an account like an HSA or something tax advantaged
thanks. why is it better to use 0 cost funds in taxed advantaged account as opposed to brokerage accounts? the only accounts I have in fidelity are tax advantaged: roth 401(k) and HSA
The Fidelity 0 cost funds are Fidelity exclusive, if you want to move brokerages you will have to sell. If you sell in a taxable account you’ll have cap gains to pay
AFAIK fidelity’s zero cost funds are the exact equivalents of what you’re looking for. FNILX and FZROX iirc
The caveat with zero cost funds are they do not perform as well and are not transferable and easy to sell [edit] they do perform well
I haven’t seen any data that the zero cost funds perform worse than their typical equivalents, especially taking fees into account. They should be the default choice for any non-taxable account at this point.
I think the zero cost funds pay you smaller dividends than their counterparts
For broker keep using VOO/VTI For tax advantaged accounts use FXAIX for VOO
thanks. my brokerage (in vanguard) is currently only in VTSAX & VTWAX. idk if it's worth selling and buying VOO/VTI?
Vanguard can convert those to ETFs you need to call the support.