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Fidelity 401k options
(lemmy.world)
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this post was submitted on 04 Aug 2024
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Ok, well your 401k is very unlikely to offer single stocks or single industry, most of the funds it'll offer will be diversified.
If you care more about total returns, I recommend just getting either a Total Stock Market fund (if it's offered) or an S&P 500 fund, since pretty much every 401k will have access to one of those. The S&P 500 is something like 85% of the US stock market, so it's plenty diversified.
I personally invest in a mix of international total stock market and US total stock market funds in a 70/30 mix (global market cap is about 60/40, so I'm heavier on US stocks), and my 401k offers really low-cost funds for those. However, that's not true everywhere, so you may need to be careful about fees (though Fidelity 401ks usually have low-cost funds).
If you provide a list of your options, I can make some specific recommendations.
Thank you for the feedback! I played the options in another comment, and it seems your advice is shared by others!