Newbie, would appreciate advice. Only asking this in regards to a taxable account. What is a scenario that you would need to pull out of fidelity if you are invested in FZROX. I’m gonna invest in that fund, but people say don’t hold that if it’s a taxable/brokerage account. Why wouldn’t everyone just hold it forever and not pull that out ? Why not open another account at a different firm to invest in that fund such as VTI at Vanguard.
Let me know if this doesn’t make sense. Not at EY anymore.

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What if customer service got really bad at fidelity? Or you could get a large bonus at another brokerage for transferring your funds there? It also likely less tax efficient than VTI or ITOT. Nothing wrong necessarily with FZROX in taxable but I don’t think it is worth it because I don’t think giving up the flexibility to move it ever is worth a couple basis points in savings.

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EY1 The point was to illustrate the exact reason why ETF’s are more tax efficient than mural funds (barring vanguard as the article shows).

On the off chance that Fidelity goes south for whatever reason or starts charging fees etc. The only option at that point would be to trigger a taxable sale event or suffer through their higher fees/poor service. Basically eliminates options of transferring out of Fidelity in kind

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