I have recently opened Roth IRA with fidelity, confused between target date fund vs index funds like SPY or QQQ or voo or nasdaq. Which one to pick? #personalfinance #investments
You should probably read what a target date fund is....
I know what a target fund is and how they manage at high level basic required minimal understanding. Just wanted to know what others view and experiences and returns with them?
Stay away from target date funds. Id go for VGT VUG MGK VOO types
You can get the same mix of asset classes for less fees if you do it yourself. The target date fund is made for convenience. DM for more advice if you're interested.
Target date funds are garbage. If you are willing to put a little effort then you will find something that fits your profile better (like the ones mentioned already).
Literally got scammed by target date funds for the first 6 months or so of my 401K. Stay away from them.
Read prospectus. Invest in one you believe in