As a beginner just opening my Roth and just maxing it for the year, would you recommmend just put the full 7k in FXAIX, any benefit in putting a small part of that anywhere else too with FXAIX or just keep it simple to start?
what brokerage are your retirement accounts with?
I would go with fidelity, schwab or vanguard then pick their S&P500 fund should be super low cost. vanguard's S&P is 0.04% for someone with admiral shares which you would have
Can you explain why it is better getting admiral shares through vanguard than say using any brokerage and open a personal account and dump all you're funds into $SPY?
I've been w Chuck Scwab for awhile but the bulk of our assets are commercial real estate. Suddenly have a chunk of cash to invest and seems like a great option for us.
Use the S&P 500 index fund from the brokerage that you use. Vanguard - VFIAX. Fidelity - FXAIX. Schwab - SWPPX.
If you aren't at one of those brokers, you probably should be. But use the one from your broker. If you are choosing from the whole world of S&P 500 index funds, the one with the lowest expense ratio is best (assuming no loads of any kind). Index funds should have no loads of any kind. If they have a load, stay away.
If you have a different broker you could just pick the lowest expense ratio S&P 500 ETF you can find. It might even have a lower expense ratio than those funds.
By definition they're all about the same, pick the ETF with the lowest expense ratio. If you prefer automated recurring investment pick the mutual fund equivalent you can buy without a commission from your brokerage.
Technically correct, but even at 100,000$, the difference is what, $20?
It doesn't matter which you choose (among the big providers), that's kind of the point of index funds
>The difference in ERs is practically non-existent
Among the ones commonly mentioned in other comments, pretty much.
Among \*all\* S&P 500 funds, not true.
Terrible choice:
[Rydex S&P 500 Class C](https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/78356A640), expense ratio 2.36%, plus back-end load 1%
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- ["How to handle $"](/r/personalfinance/wiki/commontopics)
- [Investing](/r/personalfinance/wiki/investing)
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FXAIX and chill.
As a beginner just opening my Roth and just maxing it for the year, would you recommmend just put the full 7k in FXAIX, any benefit in putting a small part of that anywhere else too with FXAIX or just keep it simple to start?
I’m 100% in FXAIX in all my investment accounts. Max the IRA and if you have extra money put it in a taxable brokerage, both in FXAIX.
what brokerage are your retirement accounts with? I would go with fidelity, schwab or vanguard then pick their S&P500 fund should be super low cost. vanguard's S&P is 0.04% for someone with admiral shares which you would have
Can you explain why it is better getting admiral shares through vanguard than say using any brokerage and open a personal account and dump all you're funds into $SPY?
When you evaluate the Expense Ratio of SPY, you'll quickly realize why there are better options if the goal is long term holding of an SP500 ETF.
SPLG then, with a 0.02% ER.
I've been w Chuck Scwab for awhile but the bulk of our assets are commercial real estate. Suddenly have a chunk of cash to invest and seems like a great option for us.
you're already used to their system, put it there. their expense ratio is 0.02% so easy reason to stick there.
Use the S&P 500 index fund from the brokerage that you use. Vanguard - VFIAX. Fidelity - FXAIX. Schwab - SWPPX. If you aren't at one of those brokers, you probably should be. But use the one from your broker. If you are choosing from the whole world of S&P 500 index funds, the one with the lowest expense ratio is best (assuming no loads of any kind). Index funds should have no loads of any kind. If they have a load, stay away.
Which would you say is most tax efficient with drip turned on?
If you have a different broker you could just pick the lowest expense ratio S&P 500 ETF you can find. It might even have a lower expense ratio than those funds.
I know VFIAX can be beat, SWPPX is tied by SPLG, I'm unaware of any ETF that can even match FXAIX.
By definition they're all about the same, pick the ETF with the lowest expense ratio. If you prefer automated recurring investment pick the mutual fund equivalent you can buy without a commission from your brokerage.
VOO is the cheapest but I like SPY because I have just been using it the most often.
>VOO is the cheapest IVV ties it, and SPLG, SWPPX, and FXAIX all beat both VOO and IVV.
Technically correct, but even at 100,000$, the difference is what, $20? It doesn't matter which you choose (among the big providers), that's kind of the point of index funds
I mean if its an S&P index fund then its an S&P index fund. Sort of like asking whats the best $10 bill.
How exactly do you think they differentiate from each other? The difference in ERs is practically non-existent so it's a matter of Scrabble score.
That's why I'm asking!
>The difference in ERs is practically non-existent Among the ones commonly mentioned in other comments, pretty much. Among \*all\* S&P 500 funds, not true. Terrible choice: [Rydex S&P 500 Class C](https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/78356A640), expense ratio 2.36%, plus back-end load 1%
You may find these links helpful: - ["How to handle $"](/r/personalfinance/wiki/commontopics) - [Investing](/r/personalfinance/wiki/investing) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*