You know my mantra: Buy the manager, not the fund. But what does it mean, and why does it mean so much to me…and you? I make it my business (literally and figuratively) to know the track record of every Fidelity manager from the day they started managing money to the present, through whatever number of funds they may have managed, measured in terms of both absolute return and risk-adjusted performance through bull, bear and indifferent economic cycles and market conditions. In this month's issue, I present the updated rankings for Fidelity's stable of stock fund managers based on my proprietary manager ranking system. Read more
This is a low volume kind of marketplace, one where investors will have their heads in the sand one day and then will be sun tanning the next. It's easy to get burned if you're not diversified, and finding gains is no picnic, but it's hard to uproot gains if you're disciplined. Read more
This is a low-volume kind of marketplace, one where investors will have their heads in the sand one day and then will be sun tanning the next. It’s easy to get burned if you’re not diversified, and finding gains is no picnic, but it’s hard to uproot gains if you’re disciplined. Read more
Jim Lowell is Editor-in-Chief of the award-winning independent newsletters Fidelity Investor and Fidelity Sector Investor. Through his newsletters, Jim advises individual investors seeking superior performance from their Fidelity investments. He has also written several books on investing, Investing from Scratch (revised edition, Penguin, 2006) and What Every Fidelity Investor Needs to Know (Wiley, 2007) among them. Read more
|Growth & Income||3.5%||14.8%|
You don't want to own too many funds that are similar, but how do you tell? A high correlation between funds may mean that your portfolio of funds is not as diverse as you might want it to be. While other tools may compare funds only to the S&P 500, you can use this tool to determine how closely the performance of one Fidelity fund tracks that of any other Fidelity fund. Compare all the funds that you own. To diversify, look for funds that have low correlation with one another.