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Thought on dumping everything into FSKAX?
Posted on 2/2/20 at 6:43 pm
Posted on 2/2/20 at 6:43 pm
Wife and I are late 20s and both of our 401k’s through work are with Fidelity. From what I understand FSKAX is the equivalent to Vanguard’s VTSAX. I just opened up a brokerage account with Fidelity.
We will have about 25k a year to invest. And we do not plan on needing this money for at least 10 years. We have a fully funded emergency fund and no other debt outside of the house we just bought at 3.5% on a 30 year.
I have no desire to be actively trading. I just want something that is aggressive that will mirror the S&P that I can dump a couple grand a month into.
From reading this forum along with Bogleheads I’ve heard that Edward Jones and the like are a waste of money.
Is this a good plan for what I want to do?
We will have about 25k a year to invest. And we do not plan on needing this money for at least 10 years. We have a fully funded emergency fund and no other debt outside of the house we just bought at 3.5% on a 30 year.
I have no desire to be actively trading. I just want something that is aggressive that will mirror the S&P that I can dump a couple grand a month into.
From reading this forum along with Bogleheads I’ve heard that Edward Jones and the like are a waste of money.
Is this a good plan for what I want to do?
This post was edited on 2/2/20 at 6:45 pm
3
Posted on 2/2/20 at 8:20 pm to HarveyBanger
I would prefer a S&P index like FXAIX.
Posted on 2/2/20 at 8:52 pm to HarveyBanger
I’m not familiar with index funds and use ETFs most often. VTI or SCHB accomplish broad market exposure.
Posted on 2/2/20 at 10:13 pm to HarveyBanger
Go with FZROX instead, same funds with zero expense ratio (slightly different Fidelity-generated index of same funds & same manager as FSKAX but Fidelity doesn’t have to pay a licensing fee to the index provider, reducing expenses). It’s where we keep our taxable investments in a joint account and get the same funds/exposure as VTSAX. We DCA in to FZROX $8,400 every 3 months on a set schedule.
Vanguard has our IRAs and taxable from before marriage but they don’t have a taxable joint account for some reason.
Vanguard has our IRAs and taxable from before marriage but they don’t have a taxable joint account for some reason.
This post was edited on 2/2/20 at 10:16 pm
Posted on 2/3/20 at 2:52 pm to GoIrish02
quote:Wrong. Wife & I have a joint brokerage account at Vanguard - have had it for years (in addition to our IRA accounts).
Vanguard has our IRAs and taxable from before marriage but they don’t have a taxable joint account for some reason.
Posted on 2/3/20 at 3:13 pm to JohnWicksDawg
quote:
And we do not plan on needing this money for at least 10 years.
Why would you need the money in your 30's or 40's?
Posted on 2/3/20 at 5:03 pm to bogart
quote:
Why would you need the money in your 30's or 40's?
Possibly for our next home
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