Hey everyone,
I'm 24M, opened a Roth IRA, and contributed my first 7k. I’ve been doing some research and picked a few Fidelity index funds with the highest returns so far: FSPGX, FNCMX, FNILX, and FXAIX. Now I’m trying to figure out which ones would be the best fit for my Roth IRA.
From what I understand, Roth IRAs are for long-term, tax-free growth, so I want funds that are diversified, low-cost, and will perform well over the next few centuries (jk). Here’s what I have so far:
• FXAIX (Fidelity 500 Index Fund) – Tracks the S&P 500, low expense ratio (0.015%), strong long-term growth.
• FNILX (Fidelity ZERO Large Cap Index Fund) – No expense ratio, similar to the S&P 500 but slightly different holdings.
• FSPGX (Fidelity Large Cap Growth Index Fund) – Focuses on growth stocks, tends to have higher volatility.
• FNCMX (Fidelity Nasdaq Composite Index Fund) – Heavy in tech stocks, higher risk but potentially higher reward.
Would it make sense to go with FXAIX or FNILX as a core holding since they’re broad-based and low-cost, then add FSPGX or FNCMX for some growth exposure? Or should I just stick to one or two? I’m open to any advice! Please let me know of any recommendations!
Thanks for reading lol