In order to get the maximum returns for my S-corp business funds (previously sitting in a low-interest bank account), I searched for a corporate investment option and found the only offering available was at Fidelity with a taxable corporate brokerage account (Vanguard does not offer this). I moved 90% of my corporate bank account funds into this account and bought Fidelity mutual funds (FSTVX (total stock), FSGDX (total international), FSITX (total bond) and MUB (ishares municipal bond)) according to 80-10-10 AAP. I also keep moving any new funds available each month in the corporate bank account and buying these funds leaving a little there for expenses and payments.
I am only buying Fidelity funds and not the Vanguard equivalent funds here mainly because Fidelity funds are free. I can't tell if Fidelity charges a fee to purchase Vanguard funds or not (looks like it does not but am not sure). I want to avoid any fees to purchase funds.
1) Is there a difference between equivalent Fidelity and Vanguard funds (for ex. FSTVX and VTSMX) that I am losing out by not buying VTSMX instead?
2) The reason I am buying only Fidelity funds in this Fidelity account is so that the money remains in the corporation and is not distributed. Should I instead take distributions and take the money into my Vanguard individual taxable brokerage account and buy the equivalent Vanguard funds there instead? Or should I do a mix and match of both?
Your advice is much appreciated.
I am only buying Fidelity funds and not the Vanguard equivalent funds here mainly because Fidelity funds are free. I can't tell if Fidelity charges a fee to purchase Vanguard funds or not (looks like it does not but am not sure). I want to avoid any fees to purchase funds.
1) Is there a difference between equivalent Fidelity and Vanguard funds (for ex. FSTVX and VTSMX) that I am losing out by not buying VTSMX instead?
2) The reason I am buying only Fidelity funds in this Fidelity account is so that the money remains in the corporation and is not distributed. Should I instead take distributions and take the money into my Vanguard individual taxable brokerage account and buy the equivalent Vanguard funds there instead? Or should I do a mix and match of both?
Your advice is much appreciated.
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