Hello all,
I've been a long-time lurker, now a first-time poster. I've always been impressed by the helpfulness and knowledge of the MMM community, and so I come here hoping that you all might be able to offer me some advice and guidance on my current Fidelity 403b investments.
Some relevant background:
- I am 30 years old
- Salary is about 53k per year
- I contribute the 5% max to my 403b; employer matches 8%
- 403b account is currently at $13,585
I realized just recently that my account had been switched over to a managed fund a few years ago, specifically Fidelity Freedom K 2050. I've done some research and am now aware that these managed funds have fairly high operational fees (.67%) and, from most of what I've read, people say to stay away from them.
I've consulted with a personal contact, who offered some suggestions on how I could rearrange my portfolio to a personally-managed one, and here is what my current portfolio looks like, based off of their suggestions. The fees associated with the new investments come in at about .66%, after account for the weighted distribution.
LARGE CAP FID 500 INDEX PR
25%LARGE CAP INVESCO DIVRS DIV R6
20%MID-CAP GS GROWTH OPPS INST
35%INTERNATIONAL HARBOR INTL INST
10%INTERNATIONAL HRDG LVNR IS EMG MKT
10%I have tried to set a solid foundation with the FID Index and the INVESCO DIV. I put a fair amount in the Goldman Sachs Growth, as I'm still young and thought it would be good to take some risks in my portfolio. The international market investments are meant to diversify my portfolio a bit.
If you're wondering, here are all of the different options we have to invest in through our Fidelity plan, excluding the Freedom managed funds.
Name Asset Class Category 1-year 3-year 5-year 10-year/LOF
FID 500 INDEX PR (FUSVX) Stock Investments Large Cap 4.46% 8.80% 13.52% 6.67%
FID CONTRAFUND K (FCNKX) Stock Investments Large Cap 1.57% 8.02% 12.93% 8.16%
INVESCO DIVRS DIV R6 (LCEFX) Stock Investments Large Cap 6.63% 9.07% 13.95% 7.35%
NB SOCIALLY RESP R6 (NRSRX) Stock Investments Large Cap 3.08% 6.63% 12.29% 6.55%
FID EXT MKT IDX PR (FSEVX) Stock Investments Mid-Cap 3.23% 5.10% 12.28% 7.42%
GS GROWTH OPPS INST (GGOIX) Stock Investments Mid-Cap -2.13% 3.54% 10.83% 8.51%
VANG SELECTED VALUE (VASVX) Stock Investments Mid-Cap 2.20% 4.61% 12.16% 6.95%
CONESTOGA SM CAP INV (CCASX) Stock Investments Small Cap 4.45% 2.54% 10.79% 8.17%
WF SPL SM CAP VAL R6 (ESPRX) Stock Investments Small Cap 10.51% 7.68% 13.29% 6.51%
HARBOR INTL INST (HAINX) Stock Investments International -3.74% -2.30% 4.23% 3.01%
HRDG LVNR IS EMG MKT (HLMEX) Stock Investments International 10.74% -0.05% 4.05% 4.15%
OAKMARK INTL I (OAKIX) Stock Investments International -1.25% -1.54% 8.47% 4.37%
PIF REAL EST SEC IS (PIREX) Stock Investments Specialty 5.42% 11.18% 11.89% 5.78%
FIDELITY GOVT INCOME (FGOVX) Bond/Stable Value Inv Income 3.04% 2.80% 2.14% 4.26%
INVS HIGH YLD R5 (AHIYX) Bond/Stable Value Inv Income 6.15% 3.47% 6.60% 6.97%
METWEST TOT RTN BD I (MWTIX) Bond/Stable Value Inv Income 4.06% 3.39% 4.63% 6.33%
PIM REAL RETURN INST (PRRIX)
If anyone would be willing to review my investments and offer an input, it would be VERY much appreciated. As I mentioned, I'm relatively new to the investment game, but am trying to learn how to make some better decisions. While I become more informed, I thought it would be a smart idea to have some folks who are more savvy than myself review my portfolio. Time's a tickin', as they say, and I don't want to lose any more time on bad investments.
Thanks for any help!