I own both FSKAX and FTIHX, but when I go to buy shares I am asked if I want to buy stocks/ETF, mutual funds, options, fixed income, trade armor, conditional, baskets.
I always read "invest in index funds!" but I rarely see someone clarify which of these transaction types I am supposed to pick.
Please help me understand what this means.
Confused about transaction types for Index Funds
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Re: Confused about transaction types for Index Funds
I think you want to pick "mutual funds".
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Re: Confused about transaction types for Index Funds
FSKAX and FTIHX are mutual funds (not ETFs or stocks or any of the other choices you list). Those two funds are among the small subset of mutual funds that track a market index, and are therefore also called index funds.ChristopherRobin wrote: ↑Tue Apr 06, 2021 10:28 pm I own both FSKAX and FTIHX, but when I go to buy shares I am asked if I want to buy stocks/ETF, mutual funds, options, fixed income, trade armor, conditional, baskets.
I always read "invest in index funds!" but I rarely see someone clarify which of these transaction types I am supposed to pick.
Please help me understand what this means.
I just purchased shares of both of these funds this week from Fidelity’s mobile app. Select BUY, select “mutual fund”, and you should be given the option to select a fund that you already own. Everything else should be self explanatory.