Retirement Funds

[lcm]

Are you asking about the account or the specific investment?

I have Schwab and Fidelity (and E*Trade, and IBKR) and my overall preference between those is Fidelity.

As mentioned above, I was kind of asking about both.

I was more curious about the account, since it seems like most investments are available to all accounts.
Interesting that you prefer fidelity, would you be able to explain why?
Thank you

[CountValentine]

As mentioned above, I was kind of asking about both.

I was more curious about the account, since it seems like most investments are available to all accounts.
Interesting that you prefer fidelity, would you be able to explain why?
Thank you

Any of those you will have a wide variety of investments.
I have Fidelity and Schwab. I have used Fidelity forever. I could switch to Schwab tomorrow and not miss a heartbeat. 

[farmbochur]

Any of those you will have a wide variety of investments.
I have Fidelity and Schwab. I have used Fidelity forever. I could switch to Schwab tomorrow and not miss a heartbeat.

+1

Don't overthink this. Just pick one and start contributing and investing.

[ExGingi]

https://twitter.com/johnfmauldin/status/1578932346694213633

[farmbochur]

Expected TOTAL returns measured against investment risk are what matter. Whether the return comes via dividend or capital appreciation is irrelevant. Moreover, dividends are tax inefficient, but I'll give you a pass on that one since this thread is about (qualified) retirement accounts.

[lcm]

You mean account or investment?
All the big guys are similar. Best set and forget investment is either total market index funds or targeted retirement fund if you want some more diversity

Hopefully actually going to open before the year ends.
Probably going to go fidelity.

Apologies if this was discussed previously.

Is there a real advantage with a managed account? (Like fidelity go) is it worth the .35-1% annual fee?
I would think you could just choose one of the above-mentioned types of investments, and that would be it.
Thoughts?

Thank you

[lcm]

Hopefully actually going to open before the year ends.
Probably going to go fidelity.

Apologies if this was discussed previously.

Is there a real advantage with a managed account? (Like fidelity go) is it worth the .35-1% annual fee?
I would think you could just choose one of the above-mentioned types of investments, and that would be it.
Thoughts?

Thank you

Anyone?

[farmbochur]

Hopefully actually going to open before the year ends.
Probably going to go fidelity.

Apologies if this was discussed previously.

Is there a real advantage with a managed account? (Like fidelity go) is it worth the .35-1% annual fee?
I would think you could just choose one of the above-mentioned types of investments, and that would be it.
Thoughts?

Thank you

I personally don't find the management fee worthwhile. Net of fees, most managed funds fail to outperform their benchmark. I'd go with a low cost index fund or maybe a Target fund if you want some exposure to non-equities.

[lcm]

I personally don't find the management fee worthwhile. Net of fees, most managed funds fail to outperform their benchmark. I'd go with a low cost index fund or maybe a Target fund if you want some exposure to non-equities.

Thank you!

[Zalc]

Any thoughts about the new crop of “easy set up” Solo 401k options that just charge a small annual fee (<$200) and handle all the moving parts?

https://ocho.com/solo401k
Or
https://www.solo401k.com/
Etc?

[Kobe Bryant]

401K contribution limits for 2023: $22,500

[ShimshonK]

Any thoughts about the new crop of “easy set up” Solo 401k options that just charge a small annual fee (<$200) and handle all the moving parts?

https://ocho.com/solo401k
Or
https://www.solo401k.com/
Etc?

Never tried those, but I have one with Vanguard.

[dovy2]

Is it a good idea to be put this year's ROTH IRA contributions into Tesla stock (past few years did sp500)?
My plan is to move it to SP500 once Tesla goes back up (even if in a few years..). Sounds good?
(This is long term, +25 years)

[JM]

Is it a good idea to be put this year's ROTH IRA contributions into Tesla stock (past few years did sp500)?
My plan is to move it to SP500 once Tesla goes back up (even if in a few years..). Sounds good?
(This is long term, +25 years)

It is impossible to know how a stock will perform in the future. It is never a good idea to put all your eggs into one basket. Unless you're an eggs merchant that is

[dm123]

Is it a good idea to be put this year's ROTH IRA contributions into Tesla stock (past few years did sp500)?
My plan is to move it to SP500 once Tesla goes back up (even if in a few years..). Sounds good?
(This is long term, +25 years)

Isn't TSLA part of SP500? You should already have exposure to potential TSLA upside with that...

[JM]

Isn't TSLA part of SP500? You should already have exposure to potential TSLA upside with that...

TSLA is 2.4% of the index, not exactly capturing much upside with that weighting. There are much better ways to capture exposure than through the overall index

[dm123]

TSLA is 2.4% of the index, not exactly capturing much upside with that weighting. There are much better ways to capture exposure than through the overall index

Yes, but if one doesn't want to feel like one's "losing out on opportunity" it might help to be reminded that they are part of it (however small), granted this is a more emotional view, as if one truly felt strongly that TSLA has a strong upside more than the rest of "the market" they'd want more TSLA heavy exposure.

[JM]

Yes, but if one doesn't want to feel like one's "losing out on opportunity" it might help to be reminded that they are part of it (however small), granted this is a more emotional view, as if one truly felt strongly that TSLA has a strong upside more than the rest of "the market" they'd want more TSLA heavy exposure's.

I hear what you're saying but don't agree. Investing isn't emotional

[AsherO]

It is impossible to know how a stock will perform in the future. It is never a good idea to put all your eggs into one basket. Unless you're an eggs merchant that is

Not sure how much of his basket a single year’s Roth IRA is, but it isn’t all his eggs.

[dm123]

I hear what you're saying but don't agree. Investing isn't emotional

Absolutely!

Investing should not be emotional, but sometimes humans are - and when I've found myself getting excited about specific stocks it was helpful to remind myself that I already have some exposure to them and will be participating in potential upside, and if afterwards I still felt (for solid non-emotional reasons) that I should have more exposure I bought a few more pieces of that specific stock without changing my whole approach.