Author Topic: I jumped  (Read 3674 times)

reginna

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I jumped
« on: July 08, 2013, 01:13:30 PM »
Just opened my first fund with Fidelity (FFNOX). Wow! Feels great! Thanks for all the help and information you all share on this site. Damn, I feel good!

Gina

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Re: I jumped
« Reply #1 on: July 08, 2013, 05:19:00 PM »
Congrats. Why Fidelity though?

matchewed

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Re: I jumped
« Reply #2 on: July 08, 2013, 06:14:02 PM »
The FFNOX is a Four-In-One fund that Fidelity has which is just a percentage of some of the Spartan Index funds they host. It gets you an 85/15 split of equities and bonds at a .24 expense ratio. The individual funds in it are FUSEX, FSEMX, FSIIX, and FBIDX with the following fees respectively - .1, .1, .2, .22 respectively. It would be cheaper just to diversify into those funds at the same ratios but we're not talking a huge amount of difference. It isn't optimal but it's not bad.

Fidelity offers competitive funds to vanguard.

reginna

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Re: I jumped
« Reply #3 on: July 09, 2013, 07:24:13 AM »
Congrats. Why Fidelity though?

I had $2500.00

arebelspy

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Re: I jumped
« Reply #4 on: July 09, 2013, 09:43:37 AM »
Congrats!  I'm in FFNOX as well in my retirement accounts.

I am paying the slightly higher fees, as matchewed points out, in order to get the automatic rebalancing - otherwise rebalancing within my retirement accounts is difficult.  0.22% is still an acceptable expense ratio, to me.

Likely when I FIRE and take over the account myself I'll tweak it.  I'm a fan of lazy investing though.
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reginna

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Re: I jumped
« Reply #5 on: July 09, 2013, 01:35:05 PM »
Congrats!  I'm in FFNOX as well in my retirement accounts.

I am paying the slightly higher fees, as matchewed points out, in order to get the automatic rebalancing - otherwise rebalancing within my retirement accounts is difficult.  0.22% is still an acceptable expense ratio, to me.

Likely when I FIRE and take over the account myself I'll tweak it.  I'm a fan of lazy investing though.

Thanks! Feels great and makes decisions so much easier.

Joet

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Re: I jumped
« Reply #6 on: July 10, 2013, 12:39:09 PM »
I think some of the suggestions regarding FFNOX not being a particularly good vehicle for the OP, in general, or of somewhat higher expense ratios is not particularly accurate information in any of those cases.

The current ER (cap) for the fund is 0.08%. It is true that the gross ER of the fund is 0.24%, but nobody experiences that. You can read the fine print if you'd like.

It is a fine fund, and fidelity is a great company.


*disclaimer: long term (and current) fidelity customer