Throughout this year, as in years past, I have been determined to provide portfolios that perform reasonably well with a lot less risk, no matter how dark and distraught the times may or may not be. What this continues to mean is that I am not trying to mimic the S&P 500's performance, but instead deliver a consistency and constancy of returns that enables you to benefit from the good times and lose significantly less in downdrafts; in other words, to achieve peace of mind and reach your objectives at one and the same time. Read more
The markets continue to disregard the worsening terrorist-related actions and tensions and, instead, do what they should: Focus on the facts on the ground. And so, despite more terrorist attacks since Paris, despite the downing of a Russian fighter jet, and despite dramatically increased levels of alarm from Belgium’s streets to U.S. travel warnings, our market and the global ones have more or less held their ground. This week, set against frightening headlines, we saw the case for slow growth, not no-growth, being made both here and across the pond. Read more
After October's month of remarkable gains for the broad market, November has been choppier. But while there are always singular opportunities in FSI's sector-driven approach to the domestic and global markets, it has demonstrated time and again the benefits of our disciplined diversification and agility to seek more defensive positions or opt into the safe zone of FSI's buffer options. The fact that my proprietary trading system has been battle-tested by the worst and best of times should give you the confidence to take a tactical approach to the markets at any time. In this month's issue of Fidelity Sector Investor, you'll find my FSI Focus on the utilities sector. While many investors view this sector as too staid and stodgy, it plays a uniquely defensive role in all of my FSI portfolios. My FSI Tactical Opportunities section provides my fundamental take on the best opportunistic defensive and offensive sector picks. And last, but in no way least, I share my exclusive conversation with two Fidelity sector fund managers who run different sector funds, Select Consumer Discretionary (FSCPX) and Select Retailing (FSRPX), but share a common focus on consumers. 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||1.1%||11.3%|
|Annuity Growth & Income||0.8%||8.3%|
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.