Hey everyone, I am looking for some opinions/advise on my situation.
I am 26, and have a rollover IRA in Fidelity with about $15,000 invested in SPY. I was always told this is the smart ticker to put my money in, and did so without much thought or research. I have recently been doing more research and found VOO has basically all the same holdings as SPY, but is cheaper to buy into and has a lower expense ratio. Would it make sense long term to sell off my SPY and reinvest it into VOO? Or since I already have the money invested in SPY, should I just leave it there and let it compound for the next 40 years? I am curious if y'all think there would be a tangible difference in the long run between keeping the money in SPY versus changing to VOO.
I do know the distribution date for both funds are coming up at the end of the month, so if it does make sense to change my position I will wait until after that is paid out. Since this is a rollover IRA I do not plan on adding more funds into the account, and I am looking for the best “set it and forget it” ticker.
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