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I am a new attending and am setting up my first 401k through my employer, who uses Fidelity. I realize financial education is super important and I am doing my best to learn the basics from this site and the Bogleheads wiki, but still feel way over my head. I like simplicity and would highly prefer if I can pick an allocation now and not have to think about this for a long time. I take it that the Fidelity target date funds are not a good choice despite the simplicity, so I am looking at a three fund portfolio.
However, my problem is that the recommended funds that I read about (usually Vanguard) are not offered by Fidelity. I have read that VTSMX can be approximated by 80% VIIIX and 20% VEMPX.
Vanguard Total Stock Market Index Fund (VTSMX) = 80% VIIIX and 20% VEMPX
Is VTMNX my version of Vanguard Total International Stock Index Fund (VGTSX)?
Is VBTIX my version of Vanguard Total Bond Market Fund (VBMFX)?
So if I want a 50/30/20 allocation (is that appropriate for me btw?) would I go with 40 VIIIX / 10 VEMPX / 30 VTMNX / 20 VBTIX?
Some info about me: early 30s, have about $100k in student loans to pay off, single, no kids, expect to take care of my parents for their retirement. Many thanks in advance!
I have access to the following funds (plus a bunch of the Fidelity target date funds)
However, my problem is that the recommended funds that I read about (usually Vanguard) are not offered by Fidelity. I have read that VTSMX can be approximated by 80% VIIIX and 20% VEMPX.
Vanguard Total Stock Market Index Fund (VTSMX) = 80% VIIIX and 20% VEMPX
Is VTMNX my version of Vanguard Total International Stock Index Fund (VGTSX)?
Is VBTIX my version of Vanguard Total Bond Market Fund (VBMFX)?
So if I want a 50/30/20 allocation (is that appropriate for me btw?) would I go with 40 VIIIX / 10 VEMPX / 30 VTMNX / 20 VBTIX?
Some info about me: early 30s, have about $100k in student loans to pay off, single, no kids, expect to take care of my parents for their retirement. Many thanks in advance!
I have access to the following funds (plus a bunch of the Fidelity target date funds)
| Name/Inception Date | Asset Class | Category | Gross Expense Ratio** | Shareholder Fees |
|---|---|---|---|---|
| ABF LG CAP VAL INST (AADEX) | Stock Investments | Large Cap | 0.6% | No additional fees apply. |
| FID CONTRAFUND K (FCNKX) | Stock Investments | Large Cap | 0.58% | No additional fees apply. |
| VANG FTSE SOC IDX IS (VFTNX) | Stock Investments | Large Cap | 0.12% | No additional fees apply. |
| VANG INST INDEX PLUS (VIIIX) | Stock Investments | Large Cap | 0.02% | No additional fees apply. |
| VANG EXT MKT IDX ISP (VEMPX) | Stock Investments | Mid-Cap | 0.05% | No additional fees apply. |
| ALZGI NFJ SMCPVL IS (PSVIX) | Stock Investments | Small Cap | 0.88% | No additional fees apply. |
| FID SMALL CAP GROWTH (FCPGX) | Stock Investments | Small Cap | 1.13% | Short term trading fees of 1.5% for fee eligible shares held less than 90 days. |
| AF EUROPAC GRTH R4 (REREX) | Stock Investments | International | 0.85% | No additional fees apply. |
| VANG DEV MKT IDX IS (VTMNX) | Stock Investments | International | 0.06% | No additional fees apply. |
| PIF DVRSD REAL AST I (PDRDX) | Blended Investments* | N/A | 0.89% | No additional fees apply. |
| PIM TOTAL RT INST (PTTRX) | Bond Investments | Income | 0.47% | No additional fees apply. |
| VANG TOT BD MKT INST (VBTIX) | Bond Investments | Income | 0.04% | No additional fees apply. |
| FIMM GOVT INST (FRGXX) | Short-Term Investments | N/A | 0.18% |
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