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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
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
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.
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