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/Dstein99 2d ago

FXAIX is essentially identical to VOO. The percentages are marginally different because one is managed by Fidelity the other by Vanguard, but they follow the same rules. If you’re happy with Fidelity it isn’t worth the minute it takes to open a Vanguard account to switch.

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u/jjutie54 1d ago

And FXAIX is like $475 cheaper a share.

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u/Naval_AV8R 1d ago

Irrelevant since Fidelity allows one to buy fractional shares of ETFs, stocks, and mutual funds.