FIDELITY INDEX FUNDS FOR BEGINNERS // This video gets super-specific. What index funds are, how to buy Fidelity index funds, which Fidelity index funds to buy, and how much to buy of each Fidelity index fund!
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***FREE DOWNLOAD: FIDELITY INDEX FUNDS CHEATSHEET
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***BOOKS I RECOMMEND 📚***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
The Little Book of Common Sense Investing (Jack Bogle’s classic advice on index funds)
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
Rich Dad Poor Dad (#1 selling personal finance book of all time… need I say more?)
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
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***MY FAVORITE MONEY TOOLS 🖤***
YNAB (I literally can’t live without this budgeting app, so obsessed)
Wise (like Venmo but for international currencies – I use this app a LOT for my life in Mexico)
Ledger Nano S (crypto storage hardware wallet, because “Not Your Keys, Not Your Crypto”!):
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This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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Fidelity Index Funds For Beginners: A Detailed Tutorial
When it comes to investing, index funds are a popular choice for beginners due to their simplicity and diversification. Fidelity, one of the largest and most trusted investment firms, offers a range of index funds that are perfect for those just starting out in the world of investing. In this detailed tutorial, we will explore the basics of Fidelity index funds and how you can get started with them.
What are Fidelity Index Funds?
Fidelity index funds are a type of mutual fund that aims to track the performance of a specific market index, such as the S&P 500 or the NASDAQ. These funds are passively managed, meaning they do not rely on active stock picking. Instead, they aim to replicate the performance of the index they are tracking by holding the same stocks in the same proportions as the index.
One of the main advantages of index funds is their low cost. Since they are not actively managed, they typically have lower fees compared to actively managed funds. This makes them an attractive option for beginners who are looking to invest without breaking the bank.
How to Invest in Fidelity Index Funds
Investing in Fidelity index funds is a straightforward process. First, you will need to open a brokerage account with Fidelity. This can be done online and usually involves providing some personal information and funding your account with an initial deposit.
Once your account is set up, you can start browsing Fidelity’s selection of index funds. They offer a wide range of options, including funds that track the performance of the overall stock market, specific industry sectors, and international markets. You can compare the performance, fees, and holdings of each fund to determine which one aligns with your investment goals.
After selecting a fund, you can simply place an order to buy shares of the fund through your Fidelity brokerage account. The minimum investment amount for most Fidelity index funds is relatively low, making it accessible for beginners with limited funds.
Benefits of Fidelity Index Funds for Beginners
There are several benefits to investing in Fidelity index funds, especially for beginners. As mentioned earlier, these funds offer diversification by holding a large number of stocks within a single fund. This can help mitigate risk and provide stability to your investment portfolio.
Additionally, Fidelity index funds are known for their low costs. With expense ratios that are often significantly lower than actively managed funds, you can keep more of your investment returns in your pocket.
Fidelity also offers a user-friendly online platform that provides access to research tools and educational resources to help beginners make informed investment decisions. This can be extremely helpful for those who are new to investing and want to learn more about how index funds work.
In conclusion, Fidelity index funds are an excellent option for beginners who are looking to start investing in the stock market. Their simplicity, low costs, and diversification make them an attractive choice for those who are just beginning their investment journey. By following the steps outlined in this tutorial, you can easily get started with Fidelity index funds and start building a solid foundation for your financial future.
Hey rose can u make also video on how we pay tax on index fund
hi. im a new investor. I really liked your video a lot.
FZROX is it for me
she speaks my language
This video was really helpful as a beginner!
How do I invest into the fund month after month?
Do you have an opinion about Robinhood?
How do you know if a fund is mutual or ETF? Does it state so somewhere?
Honestly, after watching some other videos and then finding your channel, I can see that I am actually learning and you don’t want us to just sign up for some random teaching program.
I wanted to learn how to invest for a long time now, and despite finding this very interesting I have no finance background. Therefore, I appreciate you not assuming and explain everything as if your viewer had no previous knowledge of it.
Lucky to find this video of yours and start learning about investing this early in my life.
Please do not start making videos like this!! Keep them coming!
New subscriber.
Warning: stay away from Fidelity. We are leaving Fidelity Investment, as we are disgusted by some of their policies. While Fidelity has good tools, and good investment options, they will make your life miserable – even when you've been a customer for over 10 years – because you decided to sell your home and travel the US full-time. No, the Patriot Act doesn't force banks to do this, see page 480. Disgusting behavior from Fidelity, so we are leaving Fidelity Investment.
Did someone in the comments found a good alternative to Fidelity for buying? (It's only for people in the US)
Very informative
Best straightforward video, thank you
Is it a good idea to have multiple brokerage accounts to invest in brokerage specifics index funds to avoid transaction fees?
Rose, this is the first video I watched and it was so helpful that I subscribed it right after. Thanks!!
Hi, Rose! I love your video it was very helpful! I wanted to know if you had any comments on Acorns and M1finance? Do you think they are good for beginners and worth using as well? Thank you
Wow, thank you Rose!!! I am so grateful, I wish I found your channel sooner!