Fidelity Go?

[Alex The Great]

I have a question about Fidelity Go. This is an automatic investment engine powered by Fidelity which can hold taxable, traditional/rollover or Roth IRA money. It seems they buy and sell zero cost Flex mutual funds according to market conditions and charge 0.35% fee for balances above $25K. Did anyone use it? Worth to consider for tIRA or Roth IRA?

 

[mrfeh]

No.

https://www.bogleheads.org/wiki/Bogleheads®_investing_start-up_kit

 

[Alex The Great]

OK let me rephrase the question. Does it provide any additional value for experienced investor with established portfolio who is definitely familiar with basics?

 

[MarieIG]

I had never heard of it before, and just looked at it.

The question is - do you want "someone else" to choose your AA based upon a answering questions to determine your, ahem, needs, rebalance for you, to keep your AA steady.

(Also, I did not see that the robo would be buying individual bonds, in lieu of a bond fund.)

Since they (allegedly) don't charge you below 25k, you could open an account for $100 and see how they do with it . . .

 

[ncbill]

Just had my kid setup a Roth IRA at Fidelity & he asked about Go.

Told him to skip it.

 

[Alex The Great]

Thanks for all feedback. MarieIG, yes I will try to set it up for a small amount of money and see how it works. BTW Schwab has something similar but free of charge for quite some time (Intelligent Portfolio) but no support for IRA is a no-go for me.

 

[Bruno]

Thanks for all feedback. MarieIG, yes I will try to set it up for a small amount of money and see how it works. BTW Schwab has something similar but free of charge for quite some time (Intelligent Portfolio) but no support for IRA is a no-go for me.

I would think Fido Go and Schwab both account will be for IRA's. Schwab Intelligent Portfolios offers three types of IRAs: traditional, Roth and rollover.