Fidelity S&P 500 Index Fund Recommendation

[Another Reader]

Quote:

Originally Posted by Running_Man Fraud is a criminal level of conduct that is usually determined after an estimate a company took aggressively does not work out. Before Theranos bombed out it was a ten billion dollar company that had managed to get multiple high level investors that one persons look at brought down. The less light that is shined on companies the more untoward behavior that will go down. Enron was undone totally by estimates in accounting of the profitability of contracts over their life. These estimates are far more lenient under IFRS and international accounting. Enron had a full contingent of auditors under their wing. The special purpose vehicles that Enron used are really a subset of what I have seen done casually for profit manipulation in international accounting. One firm is founded in one country as holding technology patents,another the manufacturing facility, a third a shipping company, a fourth a financing company, a fifth an importer a 6th an exporter, another company to hold real estate holdings another to offer computer services and develop software for businesses that allows the software and labor of implementations to be capitalized instead of expensed if it was all under one roof is a short subset of what I have seen done. Enron and the collapse and bankruptcy of the Arthur Anderson partners is what makes US accounting so much more demanding.

And that is precisely why I will extract a share of the GDP of other countries through US-based companies that operate under GAAP.

[murphearlyretirement]

Monday I am going into Fidelity to meet with my financial advisor and end my Fidelity Portfolio Advisory Service. I appreciate all of the advise I have received on this thread, I now have the courage to do this. My managed IRA's current positions are listed below. Once I cancel the ADVISORY SERVICE can I leave the allocations as they are or do I have to move it?
FDRXX**
AMFAX
AQMNX
EGRAX
FAUDX
FCSAX
FERGX
FILFX
FIONX
FLCPX
FPCIX
FPIOX
FRGXX
FSAMX
FSCFX
FSGFX
FVSAX
PCRIX

[targatom2019]

OP, here is a pretty good article from Molly Fool regarding FIDO ZERO FEE

ZERO.....https://www.fool.com/investing/2019/...fee-funds.aspx