No. Did I say something that would suggest that?

FXAIX is more conservative than FZROX and has lower expected long term returns. "Small" is a compensated risk factor, FZROX gives you some exposure to that while FXAIX didn't give you any.

>I was these FZROX + FZILX funds conservative due to their exposure to OVERALL domestic & International instead of just Large carp(FXAIX or SP500) or some blue chip-specific funds.

But small caps are riskier than large caps (and have better expected long term returns than large caps do). So while you have more holdings, the extra holdings are more aggressive than the more narrow option.

>My employer funds are invested in 20-30 funds

Wow. That's a lot.

>Would you recommend All-In on FZROX instead?

No. I'd go the opposite: basically double FZILX (so 60% FZROX + 40% FZILX), as that is roughly the current global market cap weight.

>given these are conservative funds,

Is this referring to the employer account fine being conservative or FZROX + FZILX?

>FZROX: 80%

>FZILX: 20%

That's half the global market cap weight of FZILX. What's your reasoning on that?

No. Even closed accounts are factored in for up to 10 years after closing. They also continue aging though.

It shouldn't be looked at as "double the ER" but rather as 4 basis points.

Why? Because double being 4 basis points is basically nothing, especially when you consider the benefits (diversification including the addition of good risk and removal of bad risk factors).

Doubling from 0.30% to 0.6% is much more noticeable.

>You don't need to pay double the expense ratio for someone to do that for you.

The extra costs are from going global. Vanguard's TDFs are essentially the same ER as mirroring the ratio yourself.

Edit: Typo

I misread your use of tax efficient originally

The diversification points still stand.

>More tax efficient

No it isn't, since this is an IRA. Taxes don't matter.

>better diversification

Only better than VFIAX. Worse than the TDF. The TDF fully includes VTSAX, as well as VTIAX, and VBTLX, and VTABX.

>lower expense ratio

At the cost of diversification.

>for a Roth IRA beginner?

Then:

>VFFVX target retirement fund

Since I personally consider VFIAX to be an obsolete recommendation in any account where you aren't limited to a short list to pick from. Doing VFIAX would mean taking on an uncompensated risk factor (the bad kind of risk) of single country while also ignoring a compensated risk factor (the good kind of risk) of smaller market cap holdings.

Actively Managed fall behind index:

• https://www.cnbc.com/2019/03/15/active-fund-managers-trail-the-sp-500-for-the-ninth-year-in-a-row-in-triumph-for-indexing.html

• https://www.marketwatch.com/story/active-mutual-funds-could-have-finally-outperformed-during-the-coronacrisis-instead-their-returns-were-dismal-11595261948

Sometimes the short term (which even 10 years is) can show the opposite of long term expectations.

>The world has changed since 2012, and my investing approach has changed with it.

I've seen more than a few times that "the most dangerous words in investing are 'this time is different.'"

>but have changed my opinion since Value has lagged SO far behind growth for a very long time.

See my first sentence.

>I would recommend buying Vanguard US small cap growth ETF (VBK)

Small cap growth is often called a "black hole of investing" (https://www.etf.com/sections/index-investor-corner/20092-the-black-hole-of-investing.html as the first link I found)

Small value is the "golden one" for cap weight + growth vs value.

Ex-US might look unappealing now if you simply look at a back test. However, to some of the more knowledgeable, that bad looking back test can be a very good thing.

For reasons on why diversifying beyond the US can be very important, please see:

• https://www.bogleheads.org/wiki/Three-fund_portfolio

• https://www.bogleheads.org/wiki/Domestic/International

• https://www.fidelity.com/viewpoints/investing-ideas/international-investing-myths if that link doesn't work: https://web.archive.org/web/20201112032727/https://www.fidelity.com/viewpoints/investing-ideas/international-investing-myths (Archived copy from Archive.org's Wayback Machine)

• https://www.pwlcapital.com/should-you-invest-in-the-sp-500-index

• https://www.evidenceinvestor.com/which-country-will-outperform-next-is-irrelevant/

• https://movement.capital/summarizing-the-case-for-international-stocks/

• https://www.callan.com/wp-content/uploads/2018/01/Callan-PeriodicTbl_KeyInd_2018.pdf (PDF) or https://www.callan.com/wp-content/uploads/2020/01/Classic-Periodic-Table.pdf (PDF) or the archived versions if those don't work: http://web.archive.org/web/20201212205954/https://www.callan.com/wp-content/uploads/2018/01/Callan-PeriodicTbl_KeyInd_2018.pdf (PDF) & http://web.archive.org/web/20201205183933/https://www.callan.com/wp-content/uploads/2020/01/Classic-Periodic-Table.pdf (PDF) (Archived copies from Archive.org's Wayback Machine)

• Of rolling 10 year periods since 1970, EAFE (developed ex-US) has beat the S&P 500 over 45% of the time: https://www.tweedy.com/resources/library_docs/papers/Dichotomy%20Btwn%20US%20and%20Non-US%20Mar2022.pdf (PDF) or for the archived version: https://web.archive.org/web/20220501183228/https://www.tweedy.com/resources/library_docs/papers/Dichotomy%20Btwn%20US%20and%20Non-US%20Mar2022.pdf

• https://www.vanguard.com/pdf/ISGGEB.pdf (PDF) or the archived version if that doesn't work: https://web.archive.org/web/20210312165001/https://www.vanguard.com/pdf/ISGGEB.pdf (PDF)

• https://www.schwab.com/resource-center/insights/content/why-global-diversification-matters or if that link doesn't work: https://web.archive.org/web/20190124072925/https://www.schwab.com/resource-center/insights/content/why-global-diversification-matters

• https://fourpillarfreedom.com/should-you-invest-internationally

• https://mebfaber.com/2020/01/10/the-case-for-global-investing

• https://www.reddit.com/r/Bogleheads/comments/ii0sa2/considering_usonly_investing_start_here/

• https://investor.vanguard.com/mutual-funds/profile/portfolio/vtwax - Global market cap weights. I'd argue this should be the default position.

• https://investor.vanguard.com/investing/investment/international-investing - Vanguard 40% of stock is recommended to be international. This is what both Fidelity and Vanguard use in their target date funds.

• https://twitter.com/mebfaber/status/1090662885573853184?lang=en with this reply: https://twitter.com/MorningstarES/status/1091081407504498688

>The cash drag (assuming no fractional etf shares) will more than make up the ER difference until there is a sizeable sum invested

Remembering some quick math I had done months ago, it was hundreds of thousands.

However, I think I have heard of Vanguard doing a rollout of fractional Vanguard only ETFs for at least some users.

Other factors can still be more significant than the 1 basis point difference.

VNQ is already fully included within VTI: https://www.etfrc.com/funds/overlap.php

As /u/DeluxeXL mentioned, going outside the US is going to be diversification. Anything stock based within the US is already covered by VTI (or far too small and difficult to trade to be worth bothering with).

There are other factors that can outweigh 1 basis point of ER difference. A single bad ETF trade can negate years worth of that advantage.

>I do have 4 Shares of VOO as well but that doesn't really have much of a plan right now. VTI is my primary fund in my ROTH IRA account.

VOO is the opposite of diversification if you hold VTI/VTSAX: roughly 80% of the weight of VTI is the entirety of VOO, so it concentrates you.

What cards?

>remains FDIC insured.

Or NCUA (like Alliant would be).

The 3 month penalty is the most recent 3 months. The website shows the value with the penalty until the penalty disappears, when you'll see 4 months of interest added (the newest + the 3 that were locked up in the penalty).

>good customer service

Discover and AmEx are most will known for this, but they may not be the best backup cards.

>no aggressive marketing email/telephone calls/mail

Avoid subprime lenders. I wouldn't call anything from my 6+ non-subprime cards overly aggressive.

>Ideally, looking for a card/issuer with a long billing cycle

All are required to give at least 21 days by law.

>if the issuer extends warranties for larger ticket items (e.g. computers/electronic devices) that would be awesome

This is becoming a rare benefit, especially on no annual fee cards.

You would be best off filling out the /r/creditcards template: https://www.reddit.com/r/CreditCards/wiki/cardtemplate

Michelin? Continental? Edit: Pirelli?

I've never heard of that. The only "might be a soft pull" for applications (from big names) I am aware of at all is "AmEx after your first one" which is fairly common knowledge.

>A 529 is for post-HS education.

It can be used for education costs even for K-12. https://thecollegeinvestor.com/21959/529-plan-private-school/

Please see Credit cards basics & utilization wiki entry: https://www.reddit.com/r/CreditCards/wiki/credit_cards_basics/

>but at a slightly lower price

Share price is completely irrelevant.

>I'm perplexed, unless there's just that many people that don't want to invest in banks.

I think a lot of it is performance chasing.