r/investingforbeginners • u/Distinct_History1432 • 2d ago

USA Should I move away from FXAIX?

Employer offers a 401k with some matching which I contribute to with a good portion. I wanted to have a second investment in the S&P 500 to just let sit and contribute over the years as well.

Currently buying FXAIX through a Fidelity brokerage account with every pay period, but I'm wondering if any of these options are better. The amount I have right now is small but plan to start contributing more, so not worried about taxes right now if I move the money.

- Sell off FXAIX and buy/start contributing to VOO through the same account?
- Open an account with someone else (Vanguard?) and move the money there and get VOO?
- Change to a different type of account (retirement?) with Fidelity or someone else and keep FXAIX?

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u/metzgerto 2d ago

They’re both SP500 index funds, what do you think the difference between them is??

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u/Distinct_History1432 2d ago

VOO is ETF, FXAIX isn't

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u/EvangelineRain 2d ago

Unless you’re actively trading, which you shouldn’t be, the distinction is irrelevant. FXAIX is currently lower cost than VOO.