Domain: tiger-web1.srvr.media3.us Should I switch my Fidelity 401k Fund? | Money Talk
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Should I switch my Fidelity 401k Fund?

Posted on 6/26/23 at 3:22 pm
Posted by Phate
Baton Rouge
Member since Mar 2006
11801 posts
Posted on 6/26/23 at 3:22 pm
I'm 40 so I have at least 20-25 years to work and build up my retirement. I was able to contribute to my company's 401k this year. I chose the S&P 500 Index Fund. The returns have been around 7% so far. Should I switch to something different? I have my roth and rollover IRA's with Vanguard invested in VTSAX.

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ETA: For some reason I couldn't get the img option to work so I linked the options.
This post was edited on 6/26/23 at 3:25 pm
Posted by ItzMe1972
Member since Dec 2013
12378 posts
Posted on 6/26/23 at 3:33 pm to
How aggressive do you want to be?
Posted by Phate
Baton Rouge
Member since Mar 2006
11801 posts
Posted on 6/26/23 at 3:50 pm to
quote:

How aggressive do you want to be?


If I can find a stock fund similar to VTSAX I would probably go with that but at this point in my life I'm comfortable with being aggressive as I have time to recover if needed.
Posted by ItzMe1972
Member since Dec 2013
12378 posts
Posted on 6/26/23 at 3:57 pm to
I have held QQQ for over twenty years and it's increased 10X+. I am biased toward technology and its future.

Here's a comparison of VTSAX versus QQQ:

LINK

This post was edited on 6/26/23 at 4:02 pm
Posted by Phate
Baton Rouge
Member since Mar 2006
11801 posts
Posted on 6/26/23 at 4:01 pm to
So if I want to be aggressive I should swap to QQQ from VTSAX for my Vanguard funds? Unless I'm missing it I don't see that as an option for me in Fidelity.
This post was edited on 6/26/23 at 4:02 pm
Posted by TheChosenOne
Member since Dec 2005
18861 posts
Posted on 6/26/23 at 4:19 pm to
Not sure if this is what you're asking, but FSKAX is the Fidelity equivalent to VTSAX.
Posted by MrJimBeam
Member since Apr 2009
12999 posts
Posted on 6/26/23 at 4:33 pm to
What’s the thoughts on FXAIX moving forward? Could I split between that and FSKAX? I’m also early on in funding my plan that started out in one of those targeted retirement funds.
Posted by Volt
Ascension Island, S Atlantic Ocean
Member since Nov 2009
3217 posts
Posted on 6/26/23 at 5:45 pm to
If you are considering QQQ look at VGT, which has a similar portfolio.

VGT has outperformed QQQ in the 1, 5, an 10-year ranges, although QQQ has performed slightly better the past 6 months.
Posted by HarveyBanger
Member since Mar 2018
1274 posts
Posted on 6/27/23 at 8:36 pm to
quote:

What’s the thoughts on FXAIX moving forward? Could I split between that and FSKAX? I’m also early on in funding my plan that started out in one of those targeted retirement funds.


There is so much overlap between those two funds it would make no sense. Just pick either one
Posted by HighlyFavoredTiger
La
Member since Jun 2018
939 posts
Posted on 6/27/23 at 8:46 pm to
I’m pretty sure FTEC is Fidelity’s tech fund that’s set up to compete with QQQ.
Posted by OU Guy
Member since Feb 2022
26430 posts
Posted on 6/28/23 at 9:44 am to
FBGRX is up:

+36.88 year to date
+21.98 1 year
-17.52 2 years
+55.90 5 years
+1,439.40 Inception 1987

Fidelity Blue Chip Growth Fund (aggressive)
This post was edited on 6/28/23 at 9:45 am
Posted by MSTiger33
Member since Oct 2007
21516 posts
Posted on 6/28/23 at 1:06 pm to
The blue chip is my go to
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
6552 posts
Posted on 6/30/23 at 9:46 am to
I switched to a private finance planner and
dropped by fees. It's not just the returns (all the boats are rising right now) Watch your fees
Posted by calcotron
Member since Nov 2007
10261 posts
Posted on 6/30/23 at 7:29 pm to
FSELX is treating me well, it's been my fund for short/mid term plans. Can't make all them batteries without those companies.
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
3155 posts
Posted on 7/4/23 at 7:35 am to
LINK

Here's VTSAX vs QQQ vs QSD over 10 years. That's what he should looking at, a longer horizon.
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