Are Fidelity 500 Index (FXAIX) Funds a good long-term investment?
Asked 4 years ago
How safe are they and are they suitable for longer-term investments or shorter-term investments?
Avik Das
Wednesday, June 23, 2021
Yes, Fidelity 500 Index fund is certainly a good place to invest, especially if you are looking for long-term profits. It has a very low expense ratio which is 0.015%, while it has a long-term 10-year average return of over 12%. However, Fidelity 500 Index fund might not be ideal for short-term investment.
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