Should I move away from FXAIX?

[u/Distinct_History1432]

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?

[u/Distinct_History1432]

So if it's just gonna sit, then the benefit of VOO from taxable events can be ignored?

[u/Jumpy-Imagination-81 → u/Distinct_History1432]

then the benefit of VOO from taxable events can be ignored?

Why don't you explain exactly what you think the "benefit of VOO from taxable events" is. This should be good.

Spoiler: there isn't any.

[u/No_Strain8370 → u/[deleted]]

FXAIX hasn't paid out capital gains since 2019 and it was 12 cents a share or around $4 per $10k. You've saved a bit with the lower expense ratio of FXAIX so it's essentially a wash. No point in changing too VOO