Fidelity Roth IRA Approaching Maximum Limit with Investment in Fidelity NASDAQ Mutual Fund (FNCMX)

by | May 18, 2023 | Fidelity IRA | 15 comments




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In this video I cover both questions. You always want to maximize your retirement accounts as fast as possible. Here, my fidelity Roth ira is about to be maxed out. Just waiting for $700 coming to my rollover IRA account. Once there, I will move them to my Roth IRA and complete the $6,000 limit on my 2021 Roth IRA Account. Plus, is a good time to buy FNCMX because the NASDAQ Index fund is below the 21-day exponential moving average.

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Thanks for watching FIDELITY ROTH IRA almost MAXED with Fidelity NASDAQ Mutual Fund (FNCMX)

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Episode Recorded On 03/01/2021
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I am not a CPA or a financial advisor. The content in these videos shall not be construed as tax, legal, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Youtube video for entertainment purposes ONLY based on Oscar’s personal experience and opinions. IF stocks or companies are mentioned, Oscar may have an ownership interest in them — DO NOT make buying or selling decisions based on Oscar’s videos. If you need advice, please contact a qualified CPA or financial advisor, or the appropriate professional for the subject you would like help with….(read more)


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Planning for retirement is an essential part of any individual’s financial journey. One of the best ways to save for retirement is through a Roth IRA account. A Roth IRA is a retirement account that allows individuals to save after-tax dollars and grows tax-free. Fidelity Roth IRA is one of the popular choices for individuals who want to build their retirement savings.

However, opening and contributing to a Roth IRA account is not enough; maximizing the account is crucial. One way to do that is to invest in a suitable mutual fund. Fidelity NASDAQ Mutual Fund (FNCMX) is among the best investment choices for Fidelity Roth IRA account holders.

Fidelity NASDAQ Mutual Fund (FNCMX) is a passively managed mutual fund that tracks the NASDAQ Composite Index. The NASDAQ Composite includes over 3,300 stocks, mainly in the technology sector. As of September 2021, the FNCMX has averaged a 10-year annual return of 19.92%, which is outstanding and beats the average S&P 500 return of 13.88%.

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Investing in FNCMX means that Roth IRA account holders get an opportunity to invest in some of the world’s most innovative and growth-oriented companies. Some of the companies that make up FNCMX’s portfolio include Apple, Amazon, Microsoft, and Tesla. These are some of the most successful companies in the world that have seen tremendous growth and are likely to continue flourishing in the future.

Another advantage of investing in FNCMX is that it has low expense ratios. Expense ratios are fees that mutual fund companies charge investors to run the fund. In simple terms, it is the amount of money that an investor pays to the mutual fund for managing their investment. FNCMX has an expense ratio of 0.29%, which is lower than the average mutual fund expense ratio of 0.44%. A lower expense ratio means that investors get to keep more of their investment returns.

It is always essential to remember that investing comes with risks, and FNCMX is no exception. The fund’s performance is closely tied to the performance of the technology sector, and any changes in the sector’s performance can negatively impact the fund’s performance. Therefore, investors should always do their research and fully understand the risks and benefits of any investment before committing their funds.

In conclusion, Fidelity Roth IRA account holders looking to maximize their retirement savings can consider investing in Fidelity NASDAQ Mutual Fund (FNCMX). FNCMX has consistently outperformed the market and has low expense ratios. However, before investing, investors should always do their research and understand the potential risks involved. Ultimately, investing in a Roth IRA account is a wise choice for individuals who want to secure their retirement future.

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15 Comments

  1. Michael Johnson - Music To Motion

    I am maxing out my Roth 401k at work. Can I still open a standard Fidelity Roth IRA and invest in it, or not because I am maxing out the Roth 401k? I'd like to put some into FNCMX with the Roth IRA tax benefits. Thank you. 🙂

  2. Brett Nash

    Is fssnx a good match to pair it with for some small cap exposure??

  3. Brett Nash

    Thank you for being so thorough in your video! You make it possible for even the least experienced to get started! Again thank you!

  4. Jazzy j

    How come no more videos or updates about this awesome fund??

  5. John Smith

    Is FNCMX the only mutual fund in your portfolio? Do you plan on adding another mutual fund? Do you feel .30 percent is high fees??

  6. Juan Jimenez

    You put your money just in this mutual fund ? You think is a good idea. Split in the sp500 and nasdaq ….?or just put all in nasdaq …..thanks ..

  7. Eddie Nunez

    Awesome video !! I’m really leaning towards this fund right now but should I pair this with fsmax? Or small cap index fund ?

  8. Sarah

    Thank you! I had 4000 just sitting in a Roth (for more than a year)with no clue of what to do with it, so it was accruing nothing, and in the last 1 hour your videos have helped me figure out exactly how I want to invest that money and how to compare mutual funds to be confident with my investments. Now I'm excited to add more. Subbed. Thanks so much.

  9. Mark Tran

    Thank you Oscar!

  10. TheThrill

    If you are rolling over a IRA into a Roth I believe you will have to pay taxes on the roll over money .

  11. Kay

    TY for another great video! Im trying to learn more on how to use the moving avg tool you mention. I have a few questions:
    1) is now a good time to buy share of FNCMX in your opinion?
    2) should I try to wait for another dip? And if so which moving avg line should I follow?
    3) is best way to buy a little each day or each week or monthly to dollar cost avg in?

  12. Gianina451

    Do you prefer NAsdaq over total market?

  13. harry k

    Good analysis oscar !

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