Fidelity Index Funds for the COMPLETE BEGINNER!

[@mayacho4910]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

[@theresagarcia1218]

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value.

[@danielkey1463]

@@theresagarcia1218 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a financial consultant by name 'MARGARET ANN WARNKEN" and everything changed. I started enjoying huge returns from my investment.

[@theresagarcia1218]

@@danielkey1463 Oh that sounds good but how do i reach out to MARGARET ANN WARNKEN?

[@danielkey1463]

@@theresagarcia1218 Look up with her name on the webpage.

[@theresagarcia1218]

@@danielkey1463 Okay i just found her website, it was very impressive and i dropped a message for her.,. i hope she reply's me.

[@lakramonwilkins5431]

I'm a new investor and I just opened a Roth IRA with Fidelity. I definitely needed to see this video because I was stuck on VTI and VOO. Thanks and keep up the good work Joe.

[@princesslamour1985]

Fidelity is crap.

[@zumbamommy5036]

I just joined fidelity because I am tired of paying fees to buy FOCPX at my other brokerage; and my other one doesn't offer FZROX at all

[@Sun_shyne]

Thank you so much for the information. I am a brand new investor, I recently opened my Roth IRA with Fidelity as well as a brokerage account. I already maxed out my Roth for 2020. You explained everything very well. Keep helping us beginners out towards financial independence.

[@kevinjaigua1778]

Wait u just started? I’m stirring literally this week, 😭 u got any advice please 💯

[@trackourmoney5340]

Great video Joe. The only thing I would add about the zero funds are the fact that they cannot be transferred to another brokerage company if you decided to change from Fidelity to another firm.

[@geoffgordon9569]

Was in three of the zero funds. Transferred out since the regular funds price is more volatile. Plus the dividends come more often and are bigger.

[@cindyz6630]

Best explanation video I came across so far. I’m such a newbie, I wish I would have done this sooner. Thank you

[@AverageJoeInvestor]

Glad it was helpful Cindy! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻

[@Brussardjnr]

Please, keep creating good content. BTW, I have started trading with Aixprobot, and I love the platform because it is the best Ai-driven auto-trader platform I have ever used I get to do absolutely nothing after placing a trade and there is now a tremendous growth in my profit margins also, even as a novice who knows close to nothing about the markets. Thank you ❤

[@kathleenstoner.n7499]

@mackenzie fventes Aixprobot interface has been in operation even before Covid. It's one of the oldest and a very good Ai-driven Auto-trading platforms. I started to use after my retirement, in 2012.

[@chezaraeyothers5164]

I'm binge watching your content, and as a beginner in investing you're videos have been so incredibly helpful

[@AverageJoeInvestor]

SO GREAT TO HEAR! Thank you for that feedback! 👍🏻😎

[@gagrciajuanluis]

First time investor here. I cannot thank you enough for taking your time and effort to make this happen!

[@AverageJoeInvestor]

Glad I could help Juan! Please let me know what questions or concerns you have in the future. =) THANK YOU for watching Juan and for leaving your $0.02 in the comments! 😎👍🏻

[@LivingSwedish]

This is just perfect for beginners! 🙆🏻‍♀️ Even if I'm not a beginner anymore I feel I can always learn something 🤓

[@1911syndicate]

Would love to see a video breaking down the following.........for the average Joe investor who wants to stick to index funds, what would be an advisable percentage of funds for different type of indexes. AKA, of 100% of my money that is going to index funds........40% goes to the S&P, 10% goes to real estate, 10% goes to international, etc......

[@Je.rone_]

7:37 low expense ratios are one of the main things i think about with any fund

[@TechVerse90]

Which is your top index fund you invest in?

[@Lupecapalot]

Really Really helped a lot!!! I’m 15 and already starting to invest (Christmas present) and this video help so much. Thanks!!!

[@kylehanks8919]

How did you make an account if your not 18?

[@Lupecapalot]

@@kylehanks8919 you do know that parents can have accounts for there kids right?

[@kylehanks8919]

Ahh I see that’s what I’m gonna do

[@patdelfosseiii2319]

Hopefully when you turn 18 Guadalupe, that you know how to transfer your account 😯

[@jamesthomopoulos2415]

15 and just started to invest that is excellent good for you you are ahead of all the young generation and millennials keep going at the end you will reap the rewards

[@rickt1932]

which one is better. FSKAX or FXAIX???

[@ltdata5282]

Thank you so much! I read the John Bogle book on index funds but I was still confused on how to actually purchase them! I really appreciate you simplifying these things for everyone.

[@AverageJoeInvestor]

Glad it was helpful! =) THANK YOU for watching N Trek and for leaving your $0.02 in the comments! 😎👍🏻

[@Pogosports]

Thank you so much for the video! Here's where I am stuck: Let's say I have 100 dollars to invest. Fidelity 500 Index fund is priced at $134.64 with its last dividend payment at $0.59 and expense ratio at .01%, so I could buy .74 shares. Fidelity Zero Total Market Index fund, priced at $14.11 per share with its last dividend payment at $0.17 and no commission. I could buys 7.09 shares. I would get more dividend payouts with the Fidelity Zero index fund, but Fidelity 500 seems to have lower risk and will have better growth. This is just one case scenario. So, my question is is it better to buy cheaper index fund that I can get many shares and a greater dividend amount or should I buy a more expensive one with lower risk?

[@brianbachmeier34]

Very helpful video. Thank you sir. Question: If I currently have a 401k and Roth IRA for retirement what investment would you recommend for immediate growth?

[@BGS42069]

Amazing video - so helpful - 2 questions - 1. How does the expense ratio work? How and when does that .015% fee get billed/taken out? 2. How does Fidelity handle tax stuff? Do they send out tax documents like a 1099 or something, or is that something we must keep track of on our own?

[@AverageJoeInvestor]

GREAT QUESTION ANNA! The expense ratio is taken out of the net assets in the fund so you don't actually see it go out. It affects all investors based on their level of assets invested. =)

[@miguelsolis1832]

For example with 0.015% Expense ratio for every 1000 dollars you have invested in an index fund it would cost 15 cents

[@derrickg4267]

@@AverageJoeInvestor how about the taxes?

[@miguelguillengonzalez9803]

I would like to invest myself $4k index funds, my question is should I put 1k each in small cap, mid term, large cap and total market funds or should I invest the whole $4k in the total market index fund? I know I will be responsible for my own decisions on the investments all I want is to have an idea. Or should I invest $2k each on 500 index and total market??

[@AverageJoeInvestor]

GREAT QUESTION MIGUEL. I just put out a video yesterday that you may find value in with respect to Fidelity Roth IRA investing where I talk through my own portfolio as well. Here is the link IF you are interested: kzbin.info/www/bejne/pZPWc4Ztn9x8fpI || I also cannot be more specific because I am not currently licensed to provide financial advise though that will change in 3-4 months when I officially launch my financial planning firm for the Average Joe. Let me know if you want to be kept in the loop on that option by shooting me a quick email to [e-mail]. THANK YOU for watching Miguel and for leaving your $0.02 in the comments! 😎👍🏻

[@chen3956]

Very Insightful video, currently investing in the stock market and this made me my first million. The Licensed expert who assists me is Lanngel Mark, we met at a trading conference and he accepted to trade for me and also handle y portfolio. He is the best.💯✅

[@john00123]

Lanngel Mark has been my stock broker for some time now. He is doing a great work

[@jessicaknoll4700]

I’m interested in the stock market, I’ve got money laying around my bank account, but I’m a newbie, how can I reach your broker🙏🏻?

[@chen3956]

@@jessicaknoll4700 My broker is well known as Lanngel Mark, you can look him up online

[@jessicaknoll4700]

Thanks a lot . did some research on Lanngel Mark and i found his website, i'm also able to reach him from there

[@tommorgan4735]

Lanngel Mark is a reputable Family man and also amazing at creating and managing Finances, he brokers stocks, options, futures, EFPs, futures options, forex, bonds, and Hedge funds

[@qlevrqt8886]

is it important to keep adding money to an index fund? Or is it good enough to just put money in it once

[@SilverHonda0767]

I have money in my 401k roth with Fidelity and i was thinking of starting my first mutual fund. Will I get any type of tax statement at the end of the year ?

[@teresathompson4555]

Best video by far I was so confused as a beginner but I’m pretty sure I can start my investment journey now after watching your video!!!

[@AverageJoeInvestor]

You can do it Teresa! THANK YOU for that feedback! I appreciate it. =) THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻

[@pmb6643]

THANK YOU!!!! This was so insightful and straight to the point. Extremely helpful with the best explanation!! Now I understand better as a beginner. Will be watching more from your channel to learn more 😁

[@bwooop1]

Thank you for taking the time to educate people about long-term investments in index funds. What happens when you’ve reached your goal and its now time to take out your money? Will I be taxed?

[@AverageJoeInvestor]

GREAT QUESTION HEIDI! It depends on what type of account you have your investments in. IF you own a Roth IRA then your distributions would be tax-free. If you had a traditional IRA then you would have to pay taxes on the distributions. Same with the taxable account. I hope that answers your question. =) THANK YOU for watching Heidi and for leaving your $0.02 in the comments! 😎👍🏻

[@blissfulmountain]

Fidelity's website is so hard to use! I've been trying to figure out how to put my money into things but I can't really figure it out on my own. Thank you for the video.

[@WirelessC0ff33]

I wish i knew about this when i was younger as someone who now 30 this really been a great help i started doing small amount like $30 every paycheck

[@jaym1281]

Great video! Would you recommend investing in only one index fund or multiple different ones if possible?

[@DailyKoreanBible]

What do I do when I want to make changes to the portfolio? I bought both FXAIX and FASKAK, but after watching your video, I wonder if I should have just went with one of them rather than both. Thoughts?

[@katrinakagy4769]

Thanks for the video!! This helped a ton. I was wondering if you could explain how expense ratios work/when the money is taken? Thanks!!

[@burtmacklinfbi8824]

I just put 500 in fidelity, then gonna do 20 bucks each pay check, what does this do? I have never invested, Ik I sound dumb asking but I was never taught and been thinking about my future...

[@naiomi9052]

Once you buy them do you still need to invest once you buy or are there people invest for you through fidelity

[@tosilog]

Hello, I'm new to investing. I'd like you advice on which index funds I can put in my Roth ira and brokerage account. Can I buy both s&p 500 and total market index funds for both accounts or one?

[@christinsalama2746]

Such a great video! It was very helpful and clarified so many questions I had. Thanks for putting the time in giving out this great info! The one question I have, is wrong to invest in multiple mutual funds especially for a beginner. Also, not sure exactly what to do after buying the funds. Should I try to sell when I can or is it best to just continue investing without selling (as a newbie for now). Kind of struggling to catch on the second step after buying in terms of selling/continue to hold fund and just keep investing?

[@nycmarbel]

Thanks for this video; I open my account three months ago with monthly deposit. Roth IRA limits is 6k should i wait until is max out or keep investing on a recruiting monthly basis?

[@ceomedina]

Thx Average Joe just set mine up today on the 500 index fund...

[@brittanyreyes8104]

This video helped me so much! Thank you for conveying this process and information simply and understandably!

[@samanthalynn9088]

I'm a new investor. If I wanted to sign up on the Fidelity site to purchase Index funds, would I open a brokerage account?

[@SG-yx9su]

somewhat of a stupid question - but can you explain why it says I have 0 funds to trade with when I go to buy something in my IRA? I just opened it a few days ago and not sure what I am doing wrong. I know it just 'sits there' unless you invest it but....why can't I just go to 'trade' and buy the index fund? TIA!

[@braydonritzema4179]

Great video! I learned more in this video than I did in school today.😂

[@dominiricanmami2010]

So for average Joe you pick either or but not both sp 500 and the other similar one?

[@getsurasengan]

First of all, great video. The only question I have, is why would anyone choose another company like vanguard or something else over fidelity, if fidelity is overall more cost effective with little to no expense rates?

[@AverageJoeInvestor]

Good question! Vanguard is CLOSE with fees and their ETF line-up makes it easier for an investor to have their account with any brokerage and still buy vanguard investments. Additionally, Vanguard is not publicly traded and does not have a profit motive. Doesn't mean Fidelity is BAD at all. Just different. Hope that helps. =)

[@Hotdrboy88]

Hi Thank you for your video, Very informative. Question..? What does it mean when I try to buy the (FXAIX) Fidelity 500 Index Fund. AND it says " This trade will be completed at the next available price" ? Thanks

[@Drummaboie2]

Are these a good option for lets say a short - mid investment? like 2-5 years? And is there any downside/penalty to pulling your money out?

[@melissaavalos-gutierrez2769]

I'm learning so much. You make it so easy to understand. Thanks!

[@AverageJoeInvestor]

THAT IS SO AWESOME MELISSA! I am so happy you are finding value from my videos. =) THANK YOU for watching Melissa and for leaving your $0.02 in the comments! 😎👍🏻

[@AndreaSanchez-dz6pv]

My mom passed away and I’ve had her life insurance sitting in a CD account until I can figure out how to invest this money. My funds are to be released in June So i think I’m leaning toward this option. But this whole process is so confusing for me! I just to make more money on this money! This video definitely helped me understand more.

[@outdoorsywannabe1888]

Hello. I currently have “ cash management” acct with Fidelity. Do i need to open an ira or brokerage acct first before i can buy index funds? Please help!

[@JacobGlover2023]

Is this better than Robin Hood?

[@DavidCrites07]

Thank you very much.

[@madhusudhansapient]

I wish somebody told this 7 years back...anyways thanks you saved me

[@AverageJoeInvestor]

GLAD TO HEAR! The point is you are getting started NOW and not in the future. GREAT JOB! THANK YOU for watching Madhav and for leaving your $0.02 in the comments! 😎👍🏻

[@DustinKFowler]

I know very little about this stuff, but a year ago I started buying SPY-didn't even realize Fidelity had a version of that for less fees. My question is should I have that money transferred to the Fidelity S&P Index, or just keep it where it is and start buying the Fidelity one? Also, is there a reason to have multiple index investments, such as to S&P and World, or is it generally better to pick one? I definitely need to be able to set it and forget it at this point. I found your video to be very insightful. Thanks!

[@markb2189]

Would I be okay buying an index fund with the market in its current state. I just noticed this video is a year old. Thanks. Great video.

[@kylevoeller6614]

Could you do this again but with Fidelity ETFs?

[@outdoorsywannabe1888]

Agree!

[@UKBornin1971]

What index fund would you recommend for a 49yr old beginning to invest??

[@bjackson8784]

Any S&P 500 index fund is a great starter

[@carriermodulation]

I personally like the zero funds in my 401k/IRA along with a growth fund like CPOAX or Fidelity Contrafund/Growth. For my taxable accounts, I am much bigger on VTI/VOO/BBUS/SFY/VOT/etc because it is good to take advantage of tax lots when selling out of those funds to take income, even if you don't expect to do that for a few decades, and they also enable you to do tax-loss harvesting in a much more straightforward way. Also, buying at times like this when the market is more volatile seems like much less of a ripoff with the ETFs than Mutual Fund as you can set limit orders. Even in the tax advantaged accounts I may buy say VTI now and then roll it into the Zero total index fund when I think the price is more stable and I am not trading blind on whatever the price was at market close for the fund, which could be pretty brutal on a day when the market decides to rally up +3% just to drop 2% the next day.

[@deboratrujillo2691]

So if you're starting late is good to have an index fund with a more aggressive return and a bit more expensive on its ratio. Like CPOAX

[@akin242002]

Great video! FZROX and FNILX are great low cost funds to recommend to new retirement investors. If dividends matter enough to someone, they can suppliment it with SPHD. - FZROZ or FNILX (70%) - FZILX (20%) - SPHD (10%)

[@josyc632]

this video was EXTREMELY helpful. definitely the best one ive watched so far!

[@AverageJoeInvestor]

THANK YOU for the feedback Josy! I appreciate it!

[@wandabailey2873]

Yes I have questions I am a new investor but I don’t have a lot of time do you have a video with recommendations for short term growth

[@josecanisales3491]

I'm subscribed, Joe you say these fund are not for the person ready to retire. Well, I am retired. which funds are recommended for a retiree?

[@AverageJoeInvestor]

AWESOME JOSE! Thank you so much for joining the Average Joe Investor community! Yours is an EXCELLENT QUESTION! I will make a video on this exact question in the next 2 weeks. Please let me know going forward what investing topics you want to learn more about as well as any feedback/questions you have!

[@cheryltoth309]

Do you have any advice for a beginner senior investor?..I figure I've got a maybe 10 to 15 years to let it ( it being a decent inheritance) grow....Would an index fund be good here. Savings accounts ,cd, and money markets make next to nothing. Thank you

[@jamest1955]

Do you think any of the Zero accounts are worth it from a brokerage account perspective? Looking to add a little something for my son without creating another account. Appreciate all the vids and knowledge.

[@AverageJoeInvestor]

I don't think there is any harm in holding a Fidelity ZERO account in a brokerage account. There will be taxable events in the form of capital gains and dividends that occur. Assuming your son is young, choosing an investment with significant risk/growth would be something I would do unless you have a short-term goal for the money. HOPE THAT HELPS! THANK YOU for watching James T and for leaving your $0.02 in the comments! 😎👍🏻

[@jamest1955]

@@AverageJoeInvestor thank you! 😊

[@juliesatterfield7004]

Hi, I've had a fidelity freedom fund and am 62. But I dont have alot and while I'm still healthy and can work I'm ready to make up for lost time. I opened a FZROX, I think that's total market.. Should I open an FXAIX 500? Then I was wanting to balance it with an index bond fund taking into consideation that if i go by the rule of 120 i would have 42% with the bond fund and the rest split between the other 2?

[@AverageJoeInvestor]

GREAT QUESTION JULIE! The total stock market and the S&P 500 have a lot of crossover, especially when you factor in that they are both cap-weighted indexes. This means the largest companies get the heaviest weighting. IF you go and look at the top 10 holdings for the Total Market and the S&P 500 they will be EXACTLY the same. If you want to own them both you can, but you don't NEED TO. THANK YOU for watching Julie, GOOD LUCK and THANK YOU for leaving your $0.02 in the comments! 😎👍🏻

[@juliesatterfield7004]

Thank you so much. I have a freedom target date. I was thinking about leaving a years wages I there and putting the rest in the index funds. I'm choosing the fzrox broad market fund. I was going to put a small amount in the fidelity total bond fund and another small amount in the fidelity total international fund. Then just keep plugging away. I've paid off my home do I hope to start saving 20% instead of 10%. Anyway, thank you for this video. I learned so much.

[@adriancalderon932]

Is it a good idea to invest in both or just one of these index funds?

[@AverageJoeInvestor]

GREAT QUESTION ADRIAN! Honestly, there is a lot of crossover between the S&P 500 and the Total Stock Market so there is a lot of redundancy but there is no downside to investing in both. IF you wanted to choose just one I would personally choose the Total Stock Market because there are no requirements to get into the index except market capitalization whereas the S&P 500 has specific requirements. For example, TESLA had a material weighting in the Total Market much sooner than the S&P 500. I hope that answers your question Adrian! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻

[@hamzanasir5333]

Hi man I was thinking about doing FXAIX,FSMDX,FSSNX as Roth IRA portfolio any advice if this is good idea ? As a 24 year old starting

[@thehambone1454]

Finally a good video on this, you would be surprised how hard it is to find!

[@arianne9093]

great viideo

[@john00123]

What do you guys use? I was thinking webull or robinhood just cause those are the ones I hear the most of

[@jessicaknoll4700]

twas hep ful

[@timh991]

You mentioned at one point that if someone was close to retirement this would not be for them. Can you clarify what you meant?

[@AverageJoeInvestor]

GREAT QUESTION TIM! What I meant is that for those who are closer to retirement a portfolio of 100% stocks could be too risky depending on how much you have saved for retirement and how risk averse you are. Hope that helps!

[@timh991]

​@@AverageJoeInvestor Understand. Thank you very much! Great job on your videos.

[@Karolina-zw7jy]

Does it matter if I buy a mutual fund with an Individual account or money I have in my Roth IRA?

[@cookierodriguez423]

Thank you for your helpful videos. Please make videos for people over 60 who never invested before with limited income. Thanks.

[@KalikoMusic12]

FNILX for the W :)

[@ericnelson3894]

Paused video at 16:04 for example so the price is 93.23 you bought 500.00 do i have to match the 93.23 to get a piece of the stock. Or can i buy as low as $20 for example. This is where im stuck... plz help me understand

[@AverageJoeInvestor]

GREAT QUESTION ERIC! You can absolutely buy just $500. You don't need to buy exactly enough to buy a whole amount of shares. To your point, you can buy as little as $20 if you want. Hope that helps! THANK YOU for watching Eric and for leaving your $0.02 in the comments! 😎👍🏻

[@TechVerse90]

Whats your thoughts on the Robinhood app?

[@vinettelawrence5858]

I'm new to this and found this video extremely helpful. Thank you.

[@AverageJoeInvestor]

Glad it was helpful Vinette! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻

[@ehRalph]

I want to sell all my FIENX shares - the trade does not offer limit order - and I get a warning on the preview screen saying the price may change at the time of the sale?? possibly because the market is closed, but I'm not comfortable with this level of uncertainty on the transaction. Why cant I make a limit order on the mutual fund? Make sense to you?

[@jeremy8715]

Shared this video. Any plans to do more of these?

[@jamesthomopoulos2415]

Thank you for this info I had no idea what to do you just opened up a whole new world for me thank you very much for your time

[@AverageJoeInvestor]

GLAD THE VIDEO WAS HELPFUL JAMES! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻

[@GameTokin]

Dumb question, I have a fidelity account with a portfolio of individual stocks and a 401k... do I need a separate account to invest into a index fund?

[@AverageJoeInvestor]

GREAT QUESTION! The answer is NO! You can absolutely incorporate index funds into your brokerage account or into an existing retirement account with stocks and/or bonds. HOPE THAT HELPS! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻

[@aaronbux1]

Awesome information, Joe! .. and very much appreciated! I know a fair amount about Tech Analysis. Yes, Dollar Cost Analysis makes sense, but do you know if it's possible on Fidelity to pull out completely from these index funds (where to put the $ I'm not sure), while the S&P500 (Large Cap) is coming down .. then re-investing that $ when you see it's about to climb again? And if it is possible, how often does Fidelity allow this? Daily? Weekly? Wonder if they'd label you a Day Trader if done too often? Also, do you have any idea if you can transfer $ from your 401k to an Index Fund account? My current employer is with Vanguard, but past was with Fidelity. I've read 401k $ is more transferable if no longer employed with that employer .. but not sure about this. I'll be calling Fidelity and asking on Monday, but thought I'd ask you too. Again .. much appreciated vids! I've watched a few now .. looking forward to the others! And yes .. subscribing!

[@AverageJoeInvestor]

HI AARON -- Yes, you should be able to sell the investments if you are using technical analysis and then buy back in when you feel the timing is right. IF you do so in a taxable brokerage account though you will be subject to capital gains taxes. Hope that helps! THANK YOU for watching Aaron and for leaving your $0.02 in the comments! 😎👍🏻

[@susanlau1]

Do they send a 1099 at the end of the year if you make more than $600 if it’s a brokerage account?

[@gTANK7777]

What i dont really understand is the difference between the Fidelity zero total market index fund (FZROX) and Fidelity total market index fund (FSKAX). I looked at both of them and they both invest in same companies, and the percent allocations were only different in a few areas and by such a small amount. So what am i missing? Because the only other difference would be that the zero one has zero expenses, but the traditional one (FSKAX) does have expenses. So why not just choose zero one? Of course im missing something, appreciate any help.

[@andreadelacruz590]

The zero accounts don't allow for automatic allocation. So if you plan to deposit on your own without automation it's a small difference between the two and Fidelity charges less. In general, it seems small but will certainly add up over time.

[@dahianajimenez157]

Also how frequently they pay you dividends is different (see 17:53). Joe mentions the Zero funds pay annually (December) and the regular ones pay quarterly. Although, I will note that the Fidelity website shows FSKAX is paid in April and December, not quarterly. If you feel this will make a difference for you, then it's something to consider.

[@gTANK7777]

@@andreadelacruz590 Wait how would it add up over time? If your saying the zero funds dont allow automatic investing then thats definitely a matter of convenience. But if I just manually put money in on a consistent basis then I could make the same as if I did on the non zero accounts. So just to be clear is there an actual difference in how much you would make other? Or is it just convenience

[@BKNAM]

Please explain to me the monthly contributions how to do it, how it works.

[@RobFrank22]

Does FZROX get taxed like a mutual fund?

[@trackourmoney5340]

Yes it does.

[@RobFrank22]

@@kellycarter9164 ok thnx

[@KittyPistachio]

Hi Joe! Thanks for the video. Do you recommend investing $6000 in my Roth IRA at the beginning of the year or set recurring monthly investments?

[@Ruffian144]

If you can, put the 6k into your roth account in January, but dont invest it all right away. Set a small amount to purchase mthly & keep some cash on the side in your roth in case the market drops. if it does drop, you can take advantage of the stock sale by using the cash on the side to make an additional purchase. If it doesn't drop, you've been dollar cost averaging so some of the money has been working for you. For this tactic to succeed, you have to check the stock market news DAILY.

[@zdreamin]

Could you make a video about retirees wanting to earn dividends and how? please

[@zdreamin]

or better yet call me and help.

[@AverageJoeInvestor]

I will make a video on this VERY SOON!

[@olivialovette1103]

so in the video it says that $93.23 value so do you have to pay that much to start investing in that fund?

[@Klutchh_Kam]

No just the minimum which is $0.00, invest any amount that your comfortable with.

[@AverageJoeInvestor]

GREAT QUESTION OLIVIA! To Kam's point, you can purchase fractional shares so regardless of the price of the investment you are purchasing, you can get started for as little as $1.00 =) || THANK YOU for watching Olivia and for leaving your $0.02 in the comments! 😎👍🏻

[@jenniferball2181]

How do you answer all the questions they ask when you open a app? I don't know how to answer them . Like how much your going to invest I don't know what I want to invest

[@AverageJoeInvestor]

Hi Jennifer, GREAT QUESTION! Just answer them to the best of your ability based on what you know right now. =) THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻

[@melissagomez02]

Thank you for this video. Very helpful for a newbie.

[@wilma6235]

With ETFs you can set the price it sells at. I find every time I sell a mutual fund, it goes down at 4:00.

[@AverageJoeInvestor]

GREAT POINT -- I prefer myself to own ETF's as well. That being said, owning index funds with the ability to auto-invest is a great benefit to have as well. THANK YOU for watching Wilma and for leaving your $0.02 in the comments! 😎👍🏻

[@lpd411]

Can you (or anyone) explain what you mean by "If you're looking to retire soon, this is not for you". What does "soon" mean? Now or 5 years, 10 ? I'm starting late in investing and in my late 40s. If the Fidelity Index Fund is not good for me, then what would be better to try and catch up?

[@AverageJoeInvestor]

HI GEORGE -- Let me see if I can clarify my thoughts for you. In order to find the right investment strategy, you need to know 3 important things: #1 What do you want to accomplish? #2 When do you need the money? #3 How much risk are you comfortable taking? Everybody falls somewhere different on these 3 questions. Anybody with a timeframe of LESS THAN 5 years might have a hard time taking the amount of risk necessary to earn the growth they want to achieve. That being said, most people with a 10-15 year time horizon should have no issue placing a significant amount of money into the stock market, at least in the beginning. Then it depends on how comfortable you are with risk. If it were me, and I was starting in my 40's and I wanted to achieve a considerable amount of growth before I retire, I would definitely be invested in index funds such as the Fidelity S&P 500 or the Fidelity ZERO Funds. As you get closer to when you want/need to retire, you would look to take risk off the table and move some money to safer assets. For me personally, my retirement strategy involves using dividend stocks to achieve recurring and growing dividend income through retirement with a goal of not having to draw down on any principal. Hope that brings a little clarity and I apologize for confusing you if I did. THANK YOU for watching George and for leaving your $0.02 in the comments! 😎👍🏻

[@Polo4Life]

Joe, I am a beginner investor and have got a late start in investing. My goal is to retire in the next 10 years. I want to get your opinion, I want to invest in both FSKAX & FXAIX.

[@AverageJoeInvestor]

HI CARL! Thank you for leaving a comment! I don't think you need to invest in both funds because there is so much overlap between them. If it were me I would probably choose the total market because I get everything in the S&P 500 plus additional diversification amongst mid/small cap stocks. THANK YOU for watching Carl and for leaving your $0.02 in the comments! 😎👍🏻

[@quintonrivers4351]

are index funds the same as an ETF?

[@JP-fw3ug]

Hey Joe! Thank you for your videos. I've been doing my best trying to learn through youtube and reading in general. One big question I can't seem to answer is how to invest between my Roth IRA and my standard brokerage account. Any chance you'll make a video about investment strategies within different account types?

[@activatedcarbon158]

Masterful, succinct and brilliant breakdown for the beginner investor. This restores hope in the volatile market and the mullets Er, um I mean the folk who contribute to it..😉

[@Luckie9890]

Thank you 🙏 Really helpful for beginner

[@AverageJoeInvestor]

Glad it was helpful Loc! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻

[@aKpdangyo]

Thank you so much just watched really helpful

[@AverageJoeInvestor]

Glad it helped Andrea! THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍🏻

[@bradhaughton6698]

I have a question when buying the index mutual fund I'm noticing it keep telling me I'm exceeding a cash value as an error

[@AverageJoeInvestor]

Not 100% sure Brad without seeing the error myself. It SOUNDS LIKE it may be something related to exceeding your cash value and using margin but not sure. THANK YOU for watching Brad and for leaving your $0.02 in the comments! 😎👍🏻

[@asaelrodriguez9585]

Thoughts on QCLN?

[@keilaviana674]

Hello Joe I love your videos I am try to invest in something,,,,I am not good on computer That lame so difficult for me to starting,,, and I will try thack you for the video 😊

[@TheZuluman7]

Great video vividly explained am now confident to give it a go .Thank you

[@CybeleParsignault]

Thanks for this info!! So valuable.

[@TheSorrowWithinMe]

Thank you so much. Doing this tmrw.

[@chicatita4753]

So how does it work when you say, set it and forget get it? I buy once and I don't deposit anymore $? I can leave the same amount for a long time? I don't need to continue depositing $ if I don't want to and hopefully it will grow? Please make a video on how it works. I'm a newbie Thank you!

[@dahianajimenez157]

"set it and forget it" can work both ways. #1 You can invest only once, don't deposit anymore, and as the price per share increases over time the value of your shares will increase (you initially bought it for less). For example, today you invest $6000 into FSKAX which bought you 60 shares, and years later those same 60 shares will be worth more than $6000. Therefore, if you sell those shares later on you will get back more than $6000.

[@dahianajimenez157]

#2 You set up automatic investments. Meaning you set up your account to automatically take money out of your bank account and invest it into the fund you set. For example, you can set it to automatically invest $100 per month into FSKAX. There's usually an option to automatically invest any dividends that are paid to you too. Different banks have different policies for these. It allows for less manual work.

[@dahianajimenez157]

#2 will grow your wealth more. Meaning, for example, typically, 10 yrs using #2 will earn you more money than 10 yrs using #1. However, I believe "set it and forget it" is more applicable to the types of funds Joe is talking about in this video (mutual funds or ETFs that contain lots of different types of stocks that steadily increase over the long run). If you purchase a specific stock (separately invest in one company), say TSLA, you have to constantly keep an eye out on the progress of the company.