Fido is a MF company, primarily, so having HSA funds in mutuals would be less aggressive than individual stocks.
Fidelity doesn’t restrict you to purchasing just their mutual funds in their HSA. You can buy whatever investments you buy in Fidelity’s regular brokerage accounts, including, but not limited to: individual stocks, individual bonds, ETFS, etc.
AJ
True. Just as I can buy a MF in my brokerage (though I believe it generates a commission if I do, compared to no commission if I do it within -for example- Fido). 1poormom had to pay a commission in her brokerage to buy a MF she wanted. It’s already a sunk cost, so I haven’t bothered to change it.
But I can put my HSA into a blend fund, or target date fund (e.g. 2030) with Fido. No hoops to jump through. And it will be in the same place as my rollover IRA. I’m contemplating moving my Vanguard IRA also, for simplicity. I could do a conversion at the same time (next year when I will have zero salary).
Though I like the idea of Vanguard not having to report to shareholders. Probably could move HSA to Vanguard…I’ll have to look into that.
Probably could move HSA to Vanguard…I’ll have to look into that.
Sorry, at this point, Vanguard does not offer HSA accounts. (I’m a little surprised that they haven’t jumped on that bandwagon yet.) There are a couple of HSA accounts that feature Vanguard funds, but with fees and a minimum holding before investing, at least the last time I checked. You can buy Vanguard ETFs in a Fidelity HSA commission free.
AJ
Sorry, at this point, Vanguard does not offer HSA accounts. (I’m a little surprised that they haven’t jumped on that bandwagon yet.) There are a couple of HSA accounts that feature Vanguard funds, but with fees and a minimum holding before investing, at least the last time I checked. You can buy Vanguard ETFs in a Fidelity HSA commission free.
I’ve been disappointed in Vanguard the last few years. Vanguard is fine if you just want to fire and forget, but they are really lacking in advanced features/customer service.
Just as I can buy a MF in my brokerage (though I believe it generates a commission if I do, compared to no commission if I do it within -for example- Fido). 1poormom had to pay a commission in her brokerage to buy a MF she wanted. It’s already a sunk cost, so I haven’t bothered to change it.
You may want to more research. I have IRAs at both Fidelity and Schwab and can easily buy funds without commissions. I tend to buy ETFs instead of MFs because I find them easier to manage for lots of reasons. I left Vanguard a couple of years after they added a brokerage because customer service was definitely declining and other places were eliminating commissions.