Personal Investments • Mutual fund in i401k w/Fidelity

Hi,
I’m putting 60k into my i401k for 2023 to avoid income taxes, but I’d just like the equivalent of a hysa around 5% to avoid risk. Is it a bad idea to just use one of Fidelity’s top performing mutual funds in an i401k? Any suggestions appreciated.

It's not clear what you meant by that bolded statement. If you meant the top performing money market fund as an alternative to a HYSA, that's cool

But if you meant "top performing" as your way of deciding which stock or bond fund to use, that's decidedly un-Boglehead. Avoid performance chasing. First decide on an asset allocation and then pick low cost index funds. Market cap weighted index funds for stocks. For bonds there are other variables.

Are you looking for suggestions along those lines?

Statistics: Posted by sycamore — Thu Jan 25, 2024 8:18 am — Replies 3 — Views 224

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