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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Trying2bFrugal on May 15, 2018, 02:19:28 PM

Title: Fidelity vs Vanguard
Post by: Trying2bFrugal on May 15, 2018, 02:19:28 PM

I started my employer 401k in Transamerica and investing in vanguard index funds.

I opened a fidelity traditional ira account (based on a friends advise) and funded 5500 for 2017 but not invested in any as I wasn't sure if I would take the money out for Down payment for our first home.

Now, I think I will be managing without that fund. So I want it to be invested. Fidelity brings me a lot of options but when i select  'No Transaction fee only' fund, vanguard wont show and vanguard has $75 fee. At the same time Fidelity Total Index is showing as no transaction fee.

Since both of these are same, should I just go with Fidelity? Or is there a better fund to choose? I am totally blank when it comes to investing and this is kind of first long time investment thing I am doing.

How do you gain wisdom on these? Should I be waiting for a little dip in market? It looks like its zapping last two years continuosly.

Title: Re: Fidelity vs Vanguard
Post by: DS on May 15, 2018, 02:23:39 PM

Basically the same thing.

Here is some good reading to start on stocks, especially regarding waiting for dips (don't):

http://jlcollinsnh.com/stock-series/

Title: Re: Fidelity vs Vanguard
Post by: MDM on May 15, 2018, 03:05:09 PM

See Fidelity - Bogleheads (https://www.bogleheads.org/wiki/Fidelity) for like funds.