Fidelity Index Funds For Beginners | The Ultimate Guide
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- เผยแพร่เมื่อ 3 ม.ค. 2023
- Fidelity Index Funds For Beginners: Index Funds are one of the best investments of all time and here is a complete step by step tutorial to Fidelity Index Funds for beginners. After watching this video you will have the knowledge to outperform many of the professionals to start building wealth.
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⏰ Timestamps ⏰
00:32 What is an Index Fund?
04:50 Advantages of Index Funds
07:40 Fidelity Index Funds vs Competitors
08:37 Best Fidelity Index Funds
11:50 How To Buy Fidelity Index Funds
15:05 How Much To Invest
📝 What is an Index Fund?
An index fund is a collection of different companies on a list you can put your money into that allows you to own portions to each of those companies within one purchase. An index fund is a type of mutual fund or exchange traded fund (ETF) that tracks the returns of a particular market index. A market index is a collection of securities (such as stocks or bonds) that represent a specific sector of a market or economy.
A popular index fund is the S&P 500 that is the top 500 publicly traded companies in the U.S. and is a broad scope of the U.S. economy. On Fidelity, the S&P 500 Index is listed under the "Fidelity 500 Index Fund (FXAIX)".
If you want a deeper scope, you can invest into the Total Market Index Fund that contains many different small, mid, and large sized companies. This is listed on Fidelity as the "Fidelity Total Market Index Fund (FSKAX)".
Why Invest in Index Funds? (ADVANTAGES)
1. Passively Managed:
The S&P Dow Jones Indices research study states that 10.62% of actively managed funds (controlled by professionals) outperformed passively managed (not controlled by professionals). That means roughly 90% of portfolio managers could not outperform passively managed funds. Always looking for the best Return On Investment (ROI).
2. Diversification
If you only own singular stocks and one was to go bankrupt or collapse in share price, you could lose a significant amount. In comparison, if you owned the S&P 500 with 500 companies, you would have much less risk to losing since 1 company out of 500 is a small percentage to the overall investment.
3. Expense Ratio
The cost to owning index fund based mutual funds or ETFs is much cheaper than purchasing actively managed mutual funds since they charge much higher expense ratios and hidden management fees that over the years will significantly impact your results.
Best Fidelity Index Funds:
- DOMESTIC -
1. Fidelity 500 (FXAIX)
2. Fidelity Large Cap Growth Index Fund (FSPGX)
3. Fidelity Total Market Index Fund (FSKAX)
- FOREIGN -
4. Fidelity International Market Index Fund (FSPSX)
5. Fidelity Emerging Markets Index Fund (FPADX)
- BOND -
6. Fidelity Total Bond Index Fund (FTBFX)
How Much To Invest (Moderately Aggressive Growth) not a financial advisor, just a general guide:
- DOMESTIC -
1. FXAIX: 40%
2. FSPGX: 20%
3. FSKAX: 10%
- FOREIGN -
4. FSPSX: 10%
5. FPADX: 10%
- BOND -
6. FTBFX: 10%
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Sources:
- Warren Buffett won $2.2m bet: www.cnbc.com/2018/02/16/warre...
- S&P Dow Jones Indices Research: www.spglobal.com/spdji/en/res...
- Index Fund overview from SEC: bit.ly/3EwCuWb
Disclaimer: This video is for entertainment purposes only. The information provided in this video does not, and is not intended to, constitute legal, tax or financial advice; instead, all information, content, and materials available on this video and on this channel are for general informational purposes only. The presenter is not an attorney, accountant or financial advisor. Viewers of this video should contact their attorney, accountant or financial advisor to obtain advice with respect to any particular legal, tax or financial matter.
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⚠ Must Watch Video - Mutual Funds vs Index Funds vs ETFs: th-cam.com/video/_Oz_l3GQxh/w-d-xo.html
👀🤔
I will think u
Can you please tell me. If we can Create own Index fund
Question I'm a 50y nurse, trying to sure up retirement! So far I have a traditional IRA 4k, but not sure how to set it up id like to invest in the s&p.I have 100k in checking and savings combined, 70k 401k, How would I setup the IRA?
Hi, im very happy with your good vídeo. But i need to know for People from África are they allowed to join on fidelity index funds?
I seriously cant thank you enough for your Fidelity content. The platform is so overwhelming and contains so little plain language for a complete newb like me. I've been dropping money in my core account but too afraid to pull the trigger on anything without knowing specific funds better. This was exactly what I needed to feel confident enough.
Hey! I'm glad to hear that my content is helpful for you! It's great that you are getting started and willing to learn everything! If you have any questions or recommended content feel free to let me know. Thank you for your feedback, It means a lot to me and I appreciate it a ton!
@@DannySullyIf I open a Roth IRA with Fidelity? And I start investing with index founds? Let’s say I have $4500, total. And I loss $500 from the index? That means my Roth IRA now is just $4000??????Im new and want to star???
Absolutely killer breakdown . Nice job Danny
I appreciate that a ton, thank you!
I’m subscribing! Love the detailed explanation
Thank you so much!! :)
Ok! You're the first one to explain simple and in layman's terms. Thank you!
I’m so glad to hear that thank you!!!🙂
Thank you so much. Really helped this newbie.
Of course! I'm glad to hear that :)
This was so helpful Thank You!
Thank you so much!! :)
Will never understand why they don’t teach this at school. Thank you bro your the goat 🐐
What about the fees?? How much does one pay monthly or yearly on a 1000 dollar etf dividend?
You should know why 😂 they don’t care about us they don’t want us to win… I’m 28 and I just decided to get serious about stocks.. I knew about stocks but didn’t know the depth of it.. I did crypto before but when I was in school they never taught us this and in my opinion like I said earlier they don’t want us to win.. you know how many humans would have been rich/ wealthy if they taught us that in school ??
School want you to become a loyal employee. Don’t want you to become millionaire
lol school just wants you to be a good robot for the elites. of course they wouldnt teach this stuff in public school
@@theboringtrading correct
It is the first time I see one of your videos and I subscribed! I’ve been looking for a simple explanation just like this one for a while! Thank you for taking your time and making the info easier to understand!!! ❤
Thank you so much!!! It means so much to me to hear that! The reaction on peoples faces when I tell them how long it took to make that video and even most of my videos is just hilarious hahaha. Thank you for your comment, that is very nice of you :)
This is one of the best and most comprehensive videos on how to get started or rebalance your portfolio. Thanks Danny for the great info. New subscriber!
That means so much to me, thank you!! I’m so glad to hear that!
This was incredibly beneficial and easy to digest, keep up the great work!
Thank you! I will do my best 🙂
Great knowledge, explanation and information. Thank you 🤝
I appreciate that a ton. Seriously, thank you!
You can never say never to opportunity like S&P 500 ETFs, SPY which is up. I’m being instructed by an intelligent investor to buy more anytime it drops, cashing up along the way on every moves, also incorporating new stocks.
SPY, IVV, VOO hitting the scene so far. These ETF's doing just fine.
There’s much uncertainty now, my question is what stocks can be the next wave in terms of growth for the next decade?
Stocks is not only about anticipating moves based off trends but anticipating through participating behind real top performers and attain how they execute perfectly.
coach Frost hilda take good care of my holdings giving me an edge to successful interest.
l've been getting suggestions to use a proper enlightened top tier, please help, I will settle for a similar term just to ensure I get it right this time.
I just opened a roth. Im 19. What should i buy?
thank you! Easy to understand, great visuals, and appreciate the comedy!
Of course! Thank you for your words, I appreciate that and am glad to hear that!
For me to know absolutely nothing about investing to feeling extreme confident after this video speaks volumes in your ability to teach. Thank you.
Wow thank you so much for your feedback. That means so much to me! I’m glad to hear that!!
@@DannySully please how to open index funds can you send me the link
Thanks Danny... You covered Fidelity funds really welll... I might keep coming back here to refresh my knowledge.
Thank you! That’s means a lot to me and I hope you do :)
Giving you a solid 5 stars Danny. I’ve all my 401ks with Fidelity and I’ve also opened an IRA with them to invest in for almost a year now with no funds in it yet. This video is exactly what I’ve been looking for. Thank you! 👏
Thank you so much, that means a ton to me to hear that!
Thank you sir for simplifying things you are a great teacher. I will continue to follow and learn and build wealth.
Thank you so much! That means so much to me seriously! I will continue to do my best as far as content and helping others learn and gain the knowledge to build strong wealth!
Thank you so much for this information 🙏
Of course!!🙂
what I learned in this video… is that I can reinvest my dividends from any of my index funds to any one particular index fund, I thought it could only drip back into that same index fund. This is definitely a game changer for me. Thanks
(:
I'm totally an amateur about investment but after I watched your video, finally I could go forward with my Fidelity account! Thank you!!
That's great to hear! Thank you!
This is great information. Very detailed and well explained. Thank you so much. 🙏😊
Thank you so much, that means a lot to me!!
Thank you for the detailed video and explaining the concepts very well with the added benefit of providing clear advice on how to approach our investments. I’ve watching similar investments videos and they explain it but never really advise how to approach it like you have. Great job!!
The financial markets are full of opportunities, but I’ve learned a lot over the past few years. The key is knowing where to focus and also having a good mentor. like mrs ann fiocca.
INVESTWITHFIOCCA❤
@Lychell
Best Fidelity Index mutual funds:
- FXAIX (S&P 500)
- FZROX or FSKAX (Total USA fund)
- FSPGX (Large cap growth)
- FSSNX (Small cap blend)
- FLCOX (Large cap value)
- FXNAX (USA bonds)
Do you own all of these index funds?
@@saephan34 I own some, but not all. I have researched them deeply. I only own FXAIX and FSSNX in my 401k.
@@akin242002 I'm new to this, do you have any recommendations to where I could find reliable, digestible research? Sometimes news articles and some descriptions online are hard to comprehend
@@flumpmindset It's difficult to find sources without excessive jargon and academic focused. Here are some I found useful:
- Reddit r/invest
- Investopedia
- TD Ameritrade youtube education section.
The latter 2 are more academic. Reddit r/invest can turn into a Boglehead 3-fund portfolio fan club, but their advice is solid.
Add money market fund to it - it is almost 5% today with no risk going down
This breakdown is top tier. Thank you sir 🙏🏼
Much appreciated! Thank you :)
This is so helpful. Exactly what I needed. Thanks
I’m glad to hear that! Thank you!
I’ve been watching a lot of your videos on Roth IRAs and index funds, and I really appreciate how clearly you explain everything, it has taken a lot of the anxiety out of finances and investing for me. I have a question - if you’re trying to grow your Roth IRA with index funds, do you reinvest your earnings back into the index funds or do you deposit them into the Roth IRA? I’m a little confused on that because I understand how Roths and index funds work separately, but I’m not sure how they work together. Thank you so much for making these videos!
Wow that means so much to me you have no idea. I’m so happy to hear that, thank you!
And with index funds in a Roth IRA reinvesting your dividends is optimally to have additional compounding on your investments. If you decide to not reinvest then you will be having cash sit in the account until you take further action. Dividend investing for income is typically for taxable accounts that use it for an income source where a Roth IRA is for max growth since you get the best benefit of all… no taxes on gains!! The function of an index fund is the same whether it is a Roth IRA or a traditional brokerage account. But the difference is your goal. Whether you want an income source from dividends or to see more growth from your investments. I’m not a “financial advisor” lol, but reinvesting is the most logical approach for everything unless you truly want dividend income to use or even live off of. I hope this helps and I’m so happy to hear you are benefiting from my content! :)
God. You should write a book. Thank you. This morning I had no idea what an index fund was or why it even existed. Now I understand.
I eventually would love to write one! Thank you for your kind words, it means a lot to me to hear someone benefit from this.
12:16 to revisit when I get back home, instructions on telling Fidelity how to reinvest mutual fund dividends & Capital Gains
Great section to point out, nice!
Thanks for clearing up the whole process. This is reassuring as I start my investment journey!
Thank you! I’m glad to hear that!!
millions dollars worth of INFO in just 1 video. Thanks for sharing so much knowledge👏🏾🙏🏽
Dang that means a lot to me, thank you!! I will continue to do my best :)
Whats the difference between what you have discussed here and SPY index fund?
These are Index based mutual funds where SPY is an index based ETF. ETFs This video can better help you understand the differences between mutual funds, index funds, and etfs. th-cam.com/video/_Oz_l3GQxhU/w-d-xo.html
Thank you for making this video.
Of course! (:
Hi!! I am understanding everything pretty well but have one question. When you go to purchase the Fidelty 500 Index Fund it says that it is $130.52. What is this price indicating? I see that you use $100 to invest in it, but how does it work if the index fund costs more than that? Also, with the cash you have "available to trade" that is coming from your Roth IRA, is this because you had that amount in your account, or because this is the interest that you have from that account? Thank you so much for these videos, you're doing God's work.
There's an to trade by shares or dollars. Effectively buying a fraction of a share. 😉
Only daydreamers try to get an LLC without an adviser !!! It’s such a blessing that my husband and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what he lacks, he’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!
That is so amazing, I’m trying to get LLC at 40. I wish at 55 I will be testifying to similar success with my partner.
The only way I was able to scale through all of this without stress was by working with a financial adviser. My adviser *STEPHANIE KOPP MEEKS* has always had my back all through the process of property investment and investing in general. You can glance her name up on the internet and verify her yourself. She has years of financial market experience.
Okay, Thx.
I found her web page
This scam comment thread is fucking hilarious 😂 fucking losers
This is so helpful. Exactly what I needed. Thanks. This is so helpful. Exactly what I needed. Thanks.
I'm glad to hear that, thank you!
Is there an option in Fidelity to pick specific stock to make my own ETF instead of buying one of the existing options you mentioned
Can you make a video about exchanging funds in fidelity? Example Instead of selling just exchange, pro and cont ,, thanks a lot for your videos
My next video is going to be a complete tutorial on how to use fidelity. I hope that includes what you are mentioning exactly. If you plan to exchange a lot, etfs may be the better option since you don’t have to wait as long to buy/sell.
What about FZROX and FZILX that charge zero fees?
Thank you for your expertise. I am 63 wanting to take my SS at 66 so I am interested in the Index funds. This was so helpful bc I could never survive on just my SS.
I'm glad to hear that you found the video helpful! :)
I use Fidelity. This is very informative. Thank you.
Great! And thank you so much!
Thank you. Great info and well done.
Thank you so much!
Really very helpful, thanks so much
I’m glad to hear, thank you!!
super informative. thank you!
Thank you!!
Are there bond index funds
Yes there are!
Thank you so much for this information!
Of course! Thanks for watching :)
@@DannySully hello Danny. My name is Al, do you have time for few minutes one on one chat or email conversation. Im from Massachusetts and I just got my self involved with trading. Thank you.
You explained this so well!! Straight to to the point and full of valuable information. Thank you!
I love to hear that, thank you very much!
Thank you so much 🙏
Of course!!
Just subscribe,thanks for the video!
Thank you!! :)
Thank you for the valuable information. If you invest dividneds into Directed are you also being taxed ?
Yes, it only changes if you have a non taxable account like Roth IRA
Great job presenting this material!
You got me thinking haha so I decided to look at the performance of my funds in two different Fidelity accounts.
I have 2 different index funds & they both easily outperformed all other investments. You are spot on!
Thank you so much Ed, that means a lot to me to hear that!
I've seen so many videos and you're the only one I understood! THANK YOU
That means so much to me, thank you!!!!
very helpful keep it up! waiting for the next video!
Newbie at investing and found your video SO helpful and easy to digest!!!! Thank you! Subscribed!
I'm glad to hear that! Thank you so much for your support!
With consistent content you will easily become a large channel. You have a hart of a teacher!! Keep up the good work. Fidelity is my preferred platform for investing.
Thank you!! That means a lot to hear that. I am working on it, and agree it is an amazing platform.
Thank you!!
Of course! :)
So if I have a 57 how would I allocate that in percentage to the top 6
Hi, I just transferred more money to the account. How do I buy additional shares of a index fund I already own?
Hi there! I'm happy to hear that. You can search in the top right of the website platform the specific index fund you want and you can select how much you want to buy. Or you can select the index fund you already own under the positions tab on the platform and select the buy button to fill out how much you want as well. Hope this helps :)
@@DannySully much appreciated!
Just the video I was looking for! Can you set up to have dividend payments auto reinvest with fidelity ?
Thank you! And yes you definitely can have dividends auto reinvest
Very good video explaining Fidelity index funds. I've subscribed!
Thank you! I appreciate that so much!
Awesome amigo better explain than fidelity reps. Thank you.
Thank you for your kind words!
This is a great video! I was wondering if you have a video already explaining how to set up a Roth IRA account and explaining how it works, and how beneficial it is as well. I’ve heard it’s something important when it comes to retirement, but I’m not necessarily sure on the rules that it comes with. Another thing, what’s the difference between Roth IRA and HSA?
Hey! Thank you for your kind words! I actually have created a video I believe covers everything you are asking about Roth IRA’s. HSA’s differ from Roth IRA’s and I was actually thinking to make an HSA video as one of my next posts. I will try to work on that for you. Both great resources to take advantage of! Below is the Roth IRA video as well, hope it helps you out :)
th-cam.com/video/c6PYuGZ8-dc/w-d-xo.htmlsi=QV8WR6JvqAqtjkpO
How do I add the 401 k to Fidelity please
Excellent explanations and graphics. Take my subscription and like it!
Thank you so much!! That means a lot to me :)
Great contents and explanation
Thank you!
We have fidelity for our 401K and now will reach out to talk about my specific retirement account. I will be 56 soon and not sure how my target date looks for me to retire comfortably, especially SSI going away despite my 34+ years of work and may not be able to collect when my FTA arrives. I also started to dabble a bit using Robinhood but need to be more invested in my research in my retirement at work so this helps -Thanks!!
Of course! And that's great, I personally think Fidelity is one of the most professional ones to use and I'm happy to have my Roth with them.
Super helpful video thank you
Thank you so much!
Hi Danny. Do you have any video on how to rebalance a Fidelity account?
Hey! So i have not created a full video on rebalancing with Fidelity. The closet I have created is in the video I'll have linked below where I discuss a balancing overview. To skip to that particular section that is about 2-3 minutes, I have timelines in the description that will direct you straight to it. Hope this helps! Thanks for following my content :)
th-cam.com/video/L1rVeu-uqv4/w-d-xo.htmlsi=_MA0aordpCQp9o7C
Great breakdown man best I’ve seen keep it coming question though is there some good index funds that pay monthly dividends? I’m new to all of this thanks
Thank you that means a ton to me! And yes there are options out there that you could find. I am actually thinking to make a video on that as one of my next ones.
Thank you for this video it helps me understand everything I didn’t know.
I’m glad to hear that! Thank you!
Saw you while driving! Instant sub!!
No way!!! That’s awesome thank you so much!
You're the best man, thank you.
Wow, thank you! That means a lot to me!
First-time to see your video, and I just subscribed. Wants to learn more about index funds from your channel before i can open a brokerage account. Thanks for the valuable information you shared in this video
Thank you for your kind words, that means a lot to me :)
Best explanation ever!
Thank you so much!
Thank you for this video 😊
Is it possible to transfer the FXAIX earnings into a personal checking account?
Thank you so much! And no unfortunately it has to be either reinvested in the same security, directly deposited to the core account, or directly to another index mutual fund from Fidelity. If you're curious, you can see this by going to manage dividends on the positions page and scroll into the investments such as FXAIX and look at the opportunities for the distributions and where they can be directed.
Great video, by far the best one that I’ve seen so far. I’ve been looking into investing for quite sometime now but all the videos that have came across had me more confused if anything. Thank you so much for literally breaking it down. I subscribed and shared your video with other family members. God bless you!!
Thank you so much!! That absolutely means so much to me to hear that. I hope to continue making an impact for you and others!
@@DannySully you’re welcome and please keep up the good work! God Bless
Thank you!
Hey Danny if i starts with Investing do I need declare also? On February?
Do u have classes on how to do for beginners please.
You’ve explained this so well. Thank you. I’ve already saved Fidelity 500. I will listen to your video again.
Thank you so much, I appreciate you telling me that! 👍
You recommend doing all.of these 6 at the same time?
I'm sorry I can not recommend you do anything specifically, it is just a generic guide for better understanding. I think you will find this video (link below) to be a much easier and better way to start if you are new.
th-cam.com/video/L1rVeu-uqv4/w-d-xo.html
Day 1 learning on investing and the details on your video help so much !! 🙏 thank you
I’m glad to hear that! Thank you!
That’s interesting! Welcome aboard!! And how is ride sofar?
Same
@@miguelsoria1989 How is the journey going sofar?
Also, I noticed Fidelity Gov. Money Market (SPAXX) appeared randomly in my portfolio. After doing some research, I discovered it’s a taxable account which accrues interest on any uninvested cash that sits in the account. Is this true even though it’s within a Roth IRA (tax free account)?
If so, would you recommend “reinvest in security” or “direct to another mutual fund” for SPAXX under manage dividend & capital gains?
Sorry for so many questions . I just feel you’re great with explaining so one can understand.
Hey Nicole, I love the questions thank you so much for reaching out in regards to this. Surprisingly enough, I just uploaded a whole video covering money market funds. The interest you earn will be taxed. But if you are in a tax free account you do not pay taxes. The only way out of this in a taxable account is a municipal money market fund (discussed in video). Where you want it reinvested is up to you and what you personally would like out of it. I'm sorry if I missed anything, please let me know if there is anything else!
@@DannySully I will check that video out as well, thank you !
Thank you!
If only Fidelity advisor explained it this clearly 🤨
Good video. Very knowledgeable.
Thank you
Great video! Thanks!
I’m glad to hear that! Thank you!
Wow, the way you explained this in basic terms and using the grocery store example was perfect!! Appreciate it as I'm just learning.
Thank you! I love to hear that, that means a lot to me. I’m glad it helped.
The video I been in search of, thank you. New to the game of investing and got a Fidelity account set up, but all the differences has left me confused in how to invest my money, this video helped me into picking mutual funds that will help my money grow.
The financial markets are full of opportunities, but I’ve learned a lot to doubt that over the past few years. The key is knowing where to focus and also having a good mentor. like mrs ann fiocca.
@lychell INVESTWITHFIOCCA💯
extremely helpful, thank you very much!!!
Of course!
Thank You
Thank you for watching!
This video explains a lot. I have my 459 acct split between FXAIX and Vitax.
Thank you! And nice!
Wow amazing video! Thank you so much!
Thank you!!
Thanks a lot for this info! It really helped me kickstart my investment journey ❤
I love to hear that, thank you so much! 👍
Index funds,Etfs, REITs,whole life insurance is the way to go.
You did a great job young man on your video post however, I don’t like the return on some of the index funds you suggested to purchase!🤔🤔🤔
Hello all I’m new to this
So after I set up the funds how to I automatically send money into each fund and send it in percentages to each fund TIA
One way to get to the setting is when you are under account positions > more > manage cash > transfer money > manage automatic transfers. Hope this helps!
So once you buy the fund, you can just keep moving money into it? You don’t have to “buy” the fund again?
yes you can set it up where it automatically pulls from your bank account and invests into a specific investment automatically for you! Pretty convenient and assuring to have.
Thank you man, I’m working towards becoming financially literate and this it a great help
That's awesome! And thank you, I appreciate that a ton!
This was great !
Thank you so much! I appreciate your kind words!
I am 37 years old and feel like I am way behind, however watching this video gives me some guidance.
Clean, informative and straightforward.
Keep it up!
You are definitely not behind! You have so much ahead of you! Start now and keep up with it. And thank you for your words, I really appreciate that.
@@DannySully Just opened my fidelity account and transferred some money.
I will start investing soon. Gonna watch this video a few more times to understand better.
Thanks again.
@@WilsonAbregohow do you go about this. Opening the account and stuff. I'm 21 and I want to start too
@@Saneliso_Mamba follow every instructions of this video.
Put money aside every time you get paid. It’s not much in the begging but over time things add up.
My portfolio is drastically declining, I've lost roughly $320k in a short period of time, and I no longer feel secure in choosing stocks. Do I truly have no alternative ways to profit from the stock market?
It's really hard to beat the market as a mere investor. It's just better if you invest with the help of a professional understands the market dynamics better.
@@roseroland1998 Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
@@lloydbernard5847 There are a lot of independent advisors you might look into. But i work with Stacie Kristal Weber, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
😮 go index fund!
Aweosme vid man! Cheers to financial education 🤙🏽
Thank you! Cheers!!
What is the smart man thank you ! I am learning . I’m 53 years old should I pick index fund right?
Thank you! And that's a personal preference. I personally love index funds because of the diversification of historical results they have proven to achieve though.
How to set up
Great explanation
Thank you!