Alright let's talk about if you're using the fidelity platform for either your roth ira,
your traditional ira or a regular brokerage account where and how do you find funds
to actually invest in? The first thing you're going to do is go to fidelity.com
and go ahead on the left hand side and put in your login information. Once you're logged in go over
to the tab that says investment products and then click on mutual funds scroll down and hit explore
our fund offerings. Right here we'll click on that and it's going to bring us to this page right here
and on the left hand side we're going to hit all mutual funds.
On this page scroll down to no transaction fee funds and I'll show you why we're going to click
that in a second so that we can get to this page that lists a bunch of different mutual
funds. However, in order to see all the funds we're going to go over here to this left side
if we X out the criteria of no transaction fees it's going to bring us to this page right here.
Under key criteria just go ahead and hit all and this way we're going to look at all 9590 funds
that fidelity offers. This includes mutual funds, index funds... that you can choose to invest in.
Some are fidelity funds, some are not fidelity funds. Now I always like to sort my funds by at
least 10 years. These numbers right here in the 10-year column mean that this fund right here
on top has done 25.53% on average every year for the last 10 years. I like to sort them by at least
10 years because I want to see a large amount of historical data on how that fund has performed. If
we only look at one year or three years it's not zoomed out enough to know does that fund stand the
test of time and consistently deliver good returns that beat the stock market. When we look at the
10-year it gives us a better idea of where the future of that fund is going to be and what fund I
want to pick to invest in. So when you do sort it by the 10-year fund you can come over here these
are all different mutual funds that you can invest in, some fidelity... some different companies and
we're sorting them by the best to the worst fund. So the best funds doing 29.02%, 28%, 25%... this
is the best fidelity fund for the last 10 years right here it's a fidelity technology mutual fund.
So if you're just starting out and you're not really sure what to invest in typically if you're
investing through fidelity's platform the fees are going to be a lot higher for non-fidelity funds.
So I would suggest just starting with high [earning] fidelity mutual funds that have
performed well over the last 10 years. So if you do want to sort it by just fidelity funds on the
left hand column you can add that to the criteria and it will just show you fidelity funds. And
you can pick the top two, three or four funds that you want to invest in. Most of them have
maybe a minimum investment of a $500 or a thousand dollars. Some don't have any minimum investment
and when you click on the fund you can see. So this has zero dollars minimum to invest- so you
can invest ten dollars into this fund. The expense ratio is point seven percent you'll see that
a lot other mutual funds outside of fidelity on this platform is going to be one to two percent.
All you have to do is go over here and hit the green buy button
and you can choose exactly how many shares you want to buy or you can just put in
the price that you want to spend. So if you put in six thousand dollars into your fidelity
roth ira this year and you want to divvy it up two thousand, two thousand, two thousand
you can just go ahead and put I want to buy two thousand dollars worth of shares
in this fidelity fund. Mutual funds trade only one time per day after market closed so
the order will not go through right away it has to be during a weekday just after market close.
Now going back to the initial page with all the fidelity funds here. A lot of people just like
to invest in index funds right, we hear that a lot. "Oh just invest in index funds because
they're a lot lower fees". So that's true. So if you just want to do index funds or you want to do
a handful of mutual funds and an index fund if we get rid of the fidelity fund filter click on
the management approach here on the left hand column and just want to look at index funds...
And what index funds are: it's just a lower cost option because it's not as actively managed
as other mutual funds. Other mutual funds are assigned a manager and they have a team and
they're constantly going- buying- selling- buying- selling different stocks within that mutual fund.
An index fund really only needs a computer system that can track... "oh here's what the S&P 500 is
doing okay the fidelity 500 index fund is going to mirror the S&P 500 index fund. So all it needs to
do is whenever the S&P 500 decides to buy or sell a different stock it just has to repeat that. So
that you're getting essentially the same product. So we're still going to sort the index funds by 10
years and if you do want to do just fidelity index funds you can come over here hit fidelity funds.
So this is the best performing one has been their Nasdaq index fund here's the fidelity
500 index fund which is going to mirror the S&P 500. So if we click on that one
and we look over here again a much, much, much lower expense ratio than a sort of active mutual
fund and this is also minimum of zero dollars to invest. So you can invest a hundred dollars,
you can invest six thousand dollars, you can invest whatever you need to invest into that fund.
Again you just go over here you hit buy and you choose either how many shares you want to buy or
a dollar amount and you put the order through. So as you're deciding which fidelity funds you want
to pick I don't care if you're sold on index funds because the common argument is they have such such
low expense ratios that they end up being the best ever because of their low expense ratios.
If that's your mindset that's fine you can go ahead and invest in index funds. They will make
you good amount of money. I do a mixture of index funds and just actively managed mutual funds that
get higher rates of return than the stock market. And if you're not sure how to open up a fidelity
account to get to this point I have a video which I'll link in the description down below about
how to open a fidelity brokerage account and how to open a fidelity roth ira account. So
once you have those accounts open you transfer money from your bank account into your roth ira
or into your brokerage account. The money is not invested just by you simply transferring it over,
the money sits in the fidelity account just like it would sit in a bank account.
Once it's in the fidelity ira or in the fidelity brokerage account
then you need to do this come here and invest it into good mutual funds... good index funds and
start letting your money get compound interest and grow for you. That's all I have in this
week's video guys please go ahead and hit the SUBSCRIBE button it helps out a lot if you have
any questions whatsoever as always you can leave a comment down below and if you got anything out
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