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msf said: davidrmoran said:See this http://quotes.morningstar.com/chart/fund/chart.action?t=fzroxclick MaximumFido index is included, then add FSKAXRight idea. Unfortunately that only gets one half way. The only benchmark on the page is for FZROX. To see the FSKAX benchmark one needs to start with an FSKAX chart.
davidrmoran said:See this http://quotes.morningstar.com/chart/fund/chart.action?t=fzroxclick MaximumFido index is included, then add FSKAX
See this http://quotes.morningstar.com/chart/fund/chart.action?t=fzroxclick MaximumFido index is included, then add FSKAX
Important Note Regarding Vanguard Wellington FundVanguard Wellington Fund will be closed to all prospective financial advisory,institutional, and intermediary clients (other than clients who invest through aVanguard brokerage account).The Fund will remain closed until further notice and there is no specific timeframe for when the Fund will reopen. During the Fund’s closed period, all currentshareholders may continue to purchase, exchange, or redeem shares of theFund online, by telephone, or by mail.
BenWP said:That’s a great idea, @Mark. A buy-and-hold fund that could keep up with innovation and buy the companies profiting from same would be a jewel to give a kid. I fully expect that in 20 or so years the portfolio of such a fund might not resemble today’s « tech » fund.
That’s a great idea, @Mark. A buy-and-hold fund that could keep up with innovation and buy the companies profiting from same would be a jewel to give a kid. I fully expect that in 20 or so years the portfolio of such a fund might not resemble today’s « tech » fund.
Mark said:@rforno - maybe the same only different. You probably have a better memory than me but I see to recall that the Stein Roe fund was populated with more established companies. I'm more than willing to admit I'm off base.
@rforno - maybe the same only different. You probably have a better memory than me but I see to recall that the Stein Roe fund was populated with more established companies. I'm more than willing to admit I'm off base.
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Being curious, I charted the "total return" of both of the indexes mentioned previous. The difference being .13% over the term of the compare.
Compare of FZROX and FSKAX from inception of the Fido Zero fund.
First, you need to know that I am biased to Fidelity. Schwab would be my next choice; but I/we have no need to transition.
As to T.R. Price and Vanguard; recent discussions here indicate Price is mostly, if not all their mutual funds and if I recall, no brokerage that is a full direct integration of everything or no brokerage at all (can't recall). Price also has charges and fees for trading that are not part of the "modern" retail invest world, IMHO. Also reported here is that Vanguard, remains "clunky" but attempting to modernize.
Fidelity remains forward thinking and very competitive. For the most part, for all the normal functions a retail investor needs, there are no charges/fees for their products. The E.R. (expense ratio) for their products are not out of line, and very inexpensive for indexes and some etf's. Fidelity's available group of mutual funds, indexes and etf's cover a lot of investor ground for choices. Past these/this a very large chunk of the global investment world is available; and surely more than enough to satisfy a normal investor to achieve decent returns over time.
And of high importance, is that I have never had a problem with obtaining an answer to any question presented to Fidelity.
I've just started assisting a niece and nephew with Fidelity Roth's account set up. They're both in their 30's, but have started thinking more about their monetary futures.
Your grandson will not be disappointed with Fidelity.
My 2 cents worth.
I can't dismiss the outstanding performance of VWELX and agree with you.
As this fund is closed for the most part to many; my question is whether an individual Vanguard account holder may place new money into this fund or only add if one already has a position in the fund? The other constraint for Donna's grandson is that it appears the minimum investment still is $3,000. If so, his $1,000 start money wouldn't allow for this fund purchase.
Those with knowledge of Vanguard's operation may be able to clarify.
I had a Vanguard account for many years, but only for the purpose of a 401k. That money was rolled to an IRA at Fidelity many years ago.
From July 1, 2020, prospectus:
However, when investing directly through Vanguard, all Vanguard funds except Star have a $3K (or higher) initial min, which puts this fund out of reach of the grandson.
I'd say PRBLX as a blended growth/value fund or TRBCX for pure growth.
I avoid index funds b/c market-cap weightings skew their performance toward just how a handful of big names fluctuate which move the index. But if you want to get cheap passive market returns, I guess they're ok.
@MikenM (and perhaps others) referenced technology as an inviting investment. Not a bad thought. However, tech is very diverse area. Some “hot” areas from the not too distant past like hand-held calculators, VHS players, Commodore computers and “cordless“ (land-line) phones are nearly extinct. My guess is in 30 years, when grandson turns 50, the really hot areas will be lunar and interplanetary mining (and related services), infrastructure for underwater habitat, and solar powered autos & trucks. So don’t get too wedded to any single technology. Truth be told - it’s hard to remember when “technology” in some form wasn’t in vogue. Likely, the horse-drawn plough underwent many “technological improvements” during its time. And, as broken arms and fingers testified, the advent of battery powered self-starting farm tractors and autos was a huge technological leap.
That reminds me of the idea behind the now-defunct Stein Roe Young Investors Fund. The fund held a bunch of companies that kids in the 80s were into -- from clothing to toys to fast food. But these days a decent tech/growth fund would probably suffice and cover the same general things -- as I suggested earlier, PRBLX or TRBCX are solid choices.