Did I read that word right? Free, you say? Whenever we hear the word “Free,” we think there must be some gimmick. There is something that they are trying to sell us to get our money, but is Fidelity giving us something free? What are these so-called Fidelity Zero Fee Funds? Why are they so popular?
Why pay for an international index fund when you can get it for free. This fund will go after the most valuable companies in the world, and these are the companies that are like Toyota, TSMC, and Nestle, plus many others.
That is the question that you all may be wondering. These Zero Fee Funds are a way to get new customers in the door. These are things people need to take into considerations. Are these funds worth it? Will you save money on them?
The one thing that can hold people back is the lack of ETFs, and Vanguard can make ETFs of their most popular funds. VTI is an excellent ETF of VTSAX.
Fidelity is hopeful to gain new people, loan out money to their customers, and create bonds. It is proving to create a buzz in the financial world. Sometimes that is all it takes. You need to think outside of the box.