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WCI #298: Leaving a Bad Advisor

White Coat Investor Podcast

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I Don't Like a Fidelity Advisor Fund in Your 401k

A fidelity advisor fund in your 401k is like a high expense ratio mutual fund. Fidelity has two kinds of funds. They have some very low cost index funds and then they have like advisor funds that is used to compensate their advisors for selling you these funds. It's not a service though. Like I would try to avoid that fund if you can. Looking around that 401k if there's something better. If it's your IRA, look around. You don't. You're probably in the wrong fund. The next question comes from no ho: Why should asset allocation be diversified past investing in US stock market?

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