"Closet indexing is often viewed negatively by investors because they could simply choose an index fund and pay lower fees. Not surprisingly, "closet" indexing is so named because these practices are often not publicly announced"
That story is very eye opening thank you! Yes our Fidelity managed funds true may be closet indexers. I know the fees for managed funds are in general higher than for VOO index fund, but Fidelity does have some of the lowest fees in the industry, well under 1%. We are paying the fees to be able to sleep at night and knowing they are properly asset allocated plus include bonds to hedge against a market downturn. Overall we are78% in equities. But it is true VOO is outperforming the managed funds by a small margin! I’m happy to have a good chunk in VOO and will look into QQQ as you said thanks!
News 
Market Data 
Discover 
AI
