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Originally Posted by safari
I've been reading about mutual funds and planning to invest into an index fund. Many websites recommend that it's a good first step. I am trying to decide between Vanguard 500 Index Fund http://flagship3.vanguard.com/VGApp/...FundIntExt=INT
and Fidelity Spartan 500 Index Fund http://personal.fidelity.com/product...html?315912204. As I understand it, when choosing between similar index funds, one should only consider expenses, and looks like Fidelity is a better choice because their expense ratio is only 0.1% compared to Vanguard's 0.18%. In addition, based on the reviews, it seems that Fidelity has better customer service. Fidelity requires $10,000 minumum investment, but this is not an issue for me, as I am planning to invest more than $10,000 anyway. The only thing that concerns me is the hidden fees. I'd like to hear from the people who have Fidelity accounts about their experience. |
This probably should be in its own thread. To answer your question, Fidelity is just fine. Lots of people like it. I personally prefer Vanguard, but there is little difference in my opinion. If you have $100K to invest, by the way, you can get "Admiral" shares through Vanguard. That drops your expense ratio to 0.09%.