I added another $200 to my Roth IRA account this afternoon. Since opening an account with Fidelity this summer, I’ve invested nearly $1,000 in the Fidelity Freedom Fund 2050 (FFFHX).
A Freedom fund basically handles all the maintenance work for you. You don’t have to worry about selling particular funds or rebalancing your portfolio at year’s end. Fidelity does all of this for you and adjusts your portfolio as you reach your designated retirement age. The expense fees are 0.79%, which is fairly cheap for a Fidelity Fund. Once I accumulate over $2,000, I plan to add another fund to my account.
I’m not much of a fund investor, stocks are where I feel at home.
Which do you prefer? Buying stocks or mutual funds?
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