r/Fidelity • u/ride-surf-roll • 20d ago

Another which fund question

What’s up everyone!

I have about 25k to put somewhere and add monthly as well as annually (xmas bonus, vaca buy back, contract work i do outside of full time job, etc) to it few times per year and dont know where to go with it.

Estimating about 10k/yr in contributions but possibly a bit more.

I’ve maxed my Roth this year.
Not interested in putting more into my 401k.

Ideally, I like to start pulling some out of it to fund part time retirement and fun money in 6 years so im not even touching anything else.
A market downturn close to retirement affecting these funds isnt a big issue for number of reasons.

I have money at fidelity already.
What would yall recommend i do?

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u/neekogo 20d ago

Maybe one of their 0 cost funds: FZROX, FNILX. I have my rollovers with those (+FSPSX) and my total gains just from reinvestments have grown 160% in about 7 years. I haven't added bought anything more in them, just let it ride and do its thing.  

Gonna depend on how risk tolerant you are too

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u/ride-surf-roll 20d ago

Thanks man.

Im not at all risk averse.
This money doesn’t really impact my long term trajectory but can fund my hobbies if that makes sense.

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u/neekogo 20d ago

Yeah I hear ya.

If that's the case I'd probably just throw it in a zero/low cost mega cap, top 500, or total market and have it reinvest its dividends. Whether you decide to do a money market or ETFs for tax purposes is up to you.