Can someone tell me if just putting all my money (outside 401k/HSA) into FXIAX (Fidelity 500 fund) is a viable strategy? I realized I was basically all in on fidelity blue chip growth (auto investing), but not sure if all in on S&P 500 was viable or flawed?

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It is definitely viable. If you want all US equity, that is a great fund. I personally would add some international equity but many don’t. If it is a taxable brokerage account I would use IVV or VOO instead because they are slightly more tax efficient. If you want FXIAX due to auto investing, that would be enough for me to use it. I am assuming your accounts are at fidelity. I would not use that fund at vanguard for example because of fees

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Definitely viable. Less idiosyncratic risk than owning just tech. I just pour my money into 2/3 s&p 500 ETF and 1/3 msci acwi ex-us ETF

smart

This is basically the entire premise of “The Simple Path to Wealth”. If you’re not looking to get rich quick, dumping everything into a total market fund for decades is almost guaranteed (heavy emphasis on almost) to pay off better down the line. I’ve adopted this strategy with my IRAs but also have a brokerage investing in tech, HC, retail.

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There are definite flaws. Not tax efficient, not diversified, and not very opportunistic. Not a horrible strategy though if you’re not going to put in the effort to manage or willing to pay someone to do it better.

Why would I pay a fee to someone to underperform the market lol

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