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REDDIT

Fidelity vs Vanguard and Consolidation

Hello All - I started a few months ago to take investing seriously so I opened a Roth IRA account ( I have a 401k account with VFIFX stock, through the employer). I use Fidelity.

When I opened the account, I selected an auto investments portfolio for fidelity stocks that includes: FDEM, FDEV, FELC, FESM, FIGB, FLDR, FMDE, FSELX, FXAIX.

1st Question: Should I consolidate these options?

2nd Question: Should I consolidate these options and instead of getting Fidelity stock change to Vanguard stocks? I notice many people choose vanguard. I also notice they typically are costlier.

Sorry if this has been posted or been answered. First timer here so I’m trying to be more efficient in investments.

Thanks!