Author Topic: Starting out with a new HSA - which funds?  (Read 2205 times)

jeromedawg

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Starting out with a new HSA - which funds?
« on: January 30, 2016, 04:21:44 PM »
Hey guys,

I'm just starting out with a new HSA and am wondering what funds I should invest in. I have the following options:

NWIXX
MNTRX
WFNDX
NVMBX
NVGBX
AAGPX
WFIOX
NVDEX
STDFX
SGRKX
SMVTX
NTIAX
WFDDX
GSSIX
DEVIX
DISSX
NVSCX
EKGYX
WFIEX
WFLOX
WFLGX
WFLPX
WFLIX
WFLWX
WFQDX

Any advice?

seattlecyclone

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Re: Starting out with a new HSA - which funds?
« Reply #1 on: January 30, 2016, 04:30:54 PM »
Can you post asset classes and expense ratios for these? I'm not familiar with any of them and I don't plan to look each of them up.

jeromedawg

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Re: Starting out with a new HSA - which funds?
« Reply #2 on: January 30, 2016, 05:31:51 PM »
Can you post asset classes and expense ratios for these? I'm not familiar with any of them and I don't plan to look each of them up.

Here's a page with all the funds:
https://www.wellsfargo.com/investing/hsa/funds-options

WFIOX seems to be their standard index fund:
https://www.wellsfargofunds.com/wfweb/wf/funds/profiles/profile.jsp?fundNo=0088

Wondering if I should put all the money into that one

seattlecyclone

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Re: Starting out with a new HSA - which funds?
« Reply #3 on: January 30, 2016, 06:04:35 PM »
Yeah, that looks like a reasonable choice. Every other stock fund there looks pretty expensive.

PhysicianOnFIRE

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Re: Starting out with a new HSA - which funds?
« Reply #4 on: January 31, 2016, 04:33:27 PM »
I have a Wells Fargo HSA and I'm guessing I have the same options.

I keep the minimum cash required, that's $1000 in my case.  The rest is invested in WFIOX, their S&P 500 fund with an expense ratio of 0.25%. 

Interestingly, I can get an identical Vanguard fund in my 401(k) with an expense ratio of 0.04%.

jeromedawg

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Re: Starting out with a new HSA - which funds?
« Reply #5 on: February 08, 2016, 05:18:25 PM »
I have a Wells Fargo HSA and I'm guessing I have the same options.

I keep the minimum cash required, that's $1000 in my case.  The rest is invested in WFIOX, their S&P 500 fund with an expense ratio of 0.25%. 

Interestingly, I can get an identical Vanguard fund in my 401(k) with an expense ratio of 0.04%.

Thanks for the tip! I changed my target balance to $1000 just before reading this, and was posing the question of what the ideal target balance should be in any case (I'm assuming it should be "as low as you can go" lol). Yea, the expense ratio is a bit high considering it's around .02-.05% at other institutions like Fidelity, Vanguard, etc... I guess since it's HSA they can charge a higher premium?