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?

Fidelity 500 index (fxaix)Investment advice Long-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. 