No. of Recommendations: 0
The $75 fee is a fee to purchase the mutual fund. Vanguard refuses to participate in mutual purchase fee agreement with other mutual funds. No mutual fund company charges such a fee for their own funds.

If you choose to stay at Fidelity, my suggestion would be limit your VTSMX purchases to one or at most two a year. If you are insistent on not having funds in cash, make a purchase of something similar in the Fidelity group of funds, sell that periodically and make your single VTSMX purchase.

Perhaps you are confusing fund quality with return. Your statement that FKGRX is horrible is contrary to the Morningstar rating. Morningstar's rating of FKGRX is 3 stars. Certainly a large cap US stock fund (think S&P 500) is reasonable, if not important for most portfolios. This fund returned over 9% for the last three years.

Gordon
Atlanta
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