Welcome to your expanded mid-year Manager Rankings issue. It couldn’t be more timely. After this month’s Brexit shock, we can legitimately ask whether instability will lead to stability. In such trying times, it’s not so much a question of simply staying the course as it is staying with a proven risk-aware discipline that invests in the most informed, nimble, quick, disciplined, and dedicated managers long-term money can buy. And my proprietary manager ranking system identifies who those dedicated managers are. Read more
This week the earnings report flood gate opened. And while we still have thousands of reports to go, I think the trend that’s already in view is: Bottom-line rightsizing for slow growth is the way to beat low-ball consensus estimates; consumer-related businesses are faring reasonably well; business spending remains lackluster; real and feared global headwinds persist. With the earnings trend in view, it’s economic reports that are in focus: New home sales, home prices, and pending home sales all hammered home the point that the housing market is in good shape, thanks to the U.S. consumer being well employed, well salaried, and confident. Read more
I designed FSI’s tactical trading system to pursue a disciplined, diversified approach through any market condition and economic landscape with, specifically, a near-term focus on best offense and defense. When the road ahead looks to pose more riddles than answers (Europe ailing, China flailing, and tensions simmering in the Middle East and here at home), it’s important to navigate the course rather than just staying on it. FSI is designed to take the instant into account and trade (either toward greater offense or defense) accordingly. The admixture for our combustible environment is a perfect setting for FSI to do its job well. 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||2.5%||9.2%|
|Annuity Growth & Income||-1.7%||6.0%|
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.