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The ideal design for such an agent is that it would tell you to put all your money in a Betterment account, and then if you try to do anything other than that i
by astrange 1y ago
The ideal design for such an agent is that it would tell you to put all your money in a Betterment account, and then if you try to do anything other than that it should give you electric shocks until you stop.
(Vanguard if you don't benefit from tax loss harvesting.)
- moduspol 1y agoIs that going to beat FXAIX in a Fidelity account? The expense ratio is 0.015% and it tracks the S&P 500.
- astrange 1y agoIf you're fine with 100% risk then probably not, but you want some low-risk assets depending on your age. And if you have high marginal tax rates like anyone living in CA does then a little tax optimization is worth it.
- astrange 1y agoOh, also mutual funds like FXAIX are less tax-efficient than ETFs.
- kyledrake 1y agoThe main benefit of something common and well supported like VIX is that it's easier to transfer between companies without selling it, which for a brokerage account is a taxable event. Fidelity has no expense funds or low expense funds, but if they change their mind or the company becomes bad for you, you can't move it to another provider without being taxed. If you will never leave Fidelity or if it's not taxable anyways (retirement) then it's fine, but if you think you might have to move assets then it's a potential risk unless other providers also support them. Being trapped is not worth the slightly lower expenses IMO.
- moduspol 1y agoThanks, that helps. In this case, it's my IRA money anyway, but that's good to keep in mind.