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Posted on 4/26/24 at 1:21 pm to Blizzard of Chizz
VOO is an ETF and FXAIX is a mutual fund.
They both follow the S&P 500, there are other similar ones as well but both of these have low expense ratios (fees basically). They have very similar yields. They will go up and down, but over time have around an average 12-13% yield.
When you get closer (about 10-15 years out of retirement) you will want to consider diversifying and putting more in bonds etc. Things that are more steady, but may/will not have as big of a return.
Just put it in there and forget it.
The biggest advantage to VOO over FXAIX is that it is an ETF and not a mutual fund, so you can buy and sell at market price thoughout the day. FXAIX only buys and sells at the end of the day. If you are just going to buy and leave it, it won't matter a whole lot which one you go with.
They both follow the S&P 500, there are other similar ones as well but both of these have low expense ratios (fees basically). They have very similar yields. They will go up and down, but over time have around an average 12-13% yield.
When you get closer (about 10-15 years out of retirement) you will want to consider diversifying and putting more in bonds etc. Things that are more steady, but may/will not have as big of a return.
Just put it in there and forget it.
The biggest advantage to VOO over FXAIX is that it is an ETF and not a mutual fund, so you can buy and sell at market price thoughout the day. FXAIX only buys and sells at the end of the day. If you are just going to buy and leave it, it won't matter a whole lot which one you go with.
This post was edited on 4/26/24 at 1:38 pm
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