PebHmong Discussion Forum

General Category => General Discussion => Topic started by: hmgROCK on August 07, 2018, 01:39:17 PM

Title: fidelity has two new zero expense fee, no minimum, no load fee, nothing fee
Post by: hmgROCK on August 07, 2018, 01:39:17 PM

I guess it's really here
the day where we won't have to pay people to manage our money is finally here

FZROX:  total us market index
FZLIX:  total international index

this is going be good news for newcomer to the world of investment.

I decided to purchase $200(fun money) of the FZROX
going start doing this monthly

again, i won't tell you to do something i won't do myself

pic or it didn't happen

(https://i.imgur.com/IzBtEYD.jpg)



https://www.washingtonpost.com/business/economy/how-low-can-investment-fees-go-fidelity-launches-a-race-to-zero/2018/08/07/cb8a71f2-9a5c-11e8-b60b-1c897f17e185_story.html?noredirect=on&utm_term=.7f0815077585 (https://www.washingtonpost.com/business/economy/how-low-can-investment-fees-go-fidelity-launches-a-race-to-zero/2018/08/07/cb8a71f2-9a5c-11e8-b60b-1c897f17e185_story.html?noredirect=on&utm_term=.7f0815077585)

Fidelity Investments last week announced it was launching two zero-cost index mutual funds, escalating a price race that could leave investors questioning whether to pay mutual fund management fees at all.

Title: Re: fidelity has two zero expense fee, no minimum, no load fee, nothing fee
Post by: hmgROCK on August 07, 2018, 01:43:51 PM

i'm going all in on FZROX 100%
(because I believe in the US market)

but just to be safe


you might wanna go


70% FZROX   and 30% FZLIX
$140                      $60



if you going contribution $200 monthly like me

Title: Re: fidelity has two new zero expense fee, no minimum, no load fee, nothing fee
Post by: hmgROCK on August 07, 2018, 02:12:45 PM

the reason why i think they starting to do this is
because of the short seller
profit they make

yes, including your 401k, roth, tradition, brokerage, etc...

the brokerage/banker will loan your stock/etc.... to these margin trader (shorts)
in return they make money from commission and sell and bets

without you even knowing that your shares are being shorted
shouldn't you the owner of the share, rake in some of those profit?
food for thoughts

For example: if someone is using my car (stocks) to go to work, puts tons of miles on it.  should you get something back?
what if the tires wores out, your spark plug goes out

Title: Re: fidelity has two new zero expense fee, no minimum, no load fee, nothing fee
Post by: hmgROCK on August 08, 2018, 07:29:25 AM

FZROX: total us market index will be a really good passive investment

it hold 3,000 US company
so you own 3,000 US company
which is a really good diversity

so if one of them goes bankrupt
you still got 2,999

you will own big chip company like apples to small cap like healthcare companies


pretty much, you are betting on the US market
it will only go up


just trying to get us hmong brother and sister
activity involve with this white man's game
this is how they get rich and we get poor

Title: Re: fidelity has two new zero expense fee, no minimum, no load fee, nothing fee
Post by: theking on August 08, 2018, 05:31:32 PM

Quote from: hmgROCK on August 08, 2018, 07:29:25 AM

FZROX: total us market index will be a really good passive investment

it hold 3,000 US company
so you own 3,000 US company
which is a really good diversity

so if one of them goes bankrupt
you still got 2,999

you will own big chip company like apples to small cap like healthcare companies


pretty much, you are betting on the US market
it will only go up


just trying to get us hmong brother and sister
activity involve with this white man's game
this is how they get rich and we get poor

Why go through all that when you can just play the powerball/lotto to get "rich" since you're the "hmong Nostradamus and is always right"??

Oh, that's right, you're really hmgFRAUD... ;D