Focusing on fundamental facts, not headline foment, is a wise course of investment action and better than being moved by unthinking, short-term momentum. We have been in a multi-year tug-of-war between fundamental facts and event-driven momentum. So far, facts have held sway. They may continue to be able to do so for longer than the majority of investors believe they could.... Read more
Following last week’s fall, Tuesday’s rapid run up the hill left the markets looking like they wanted to catch their breath.... Read more
Like climbing a mountain: The higher you go, the thinner the air, making every new hike up more laborious while simultaneously making a misstep more treacherous. But it’s also easy to mistake what you see in front of you as the highest peak … until you summit that and see a range, like the Rockies, crenellating to the horizon. Right now, from my fundamental view, I think we could climb higher, but the risks attending doing so have risen and are likely to continue to rise.... Read more
| Model | YTD | 5-Year (Annualized) |
|---|---|---|
| Global Quant Growth | 12.5% | 12.9% |
| Growth | 6.6% | 10.4% |
| Growth & Income | 4.0% | 8.9% |
| Income | 1.2% | 5.8% |
| Annuity Growth | 9.2% | 8.9% |
| Annuity Growth & Income | 7.5% | 7.9% |
| S&P 500 | 10.6% | 14.0% |
| Fidelity Investor Index | 6.5% | 7.4% |
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.
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
Jim Lowell adheres to the Cardinal Rule of Mutual Fund Investing: Buy the manager! He makes sure his subscribers, also known as “Fidelity’s Fortunate Few,” are protected and invested in Fidelity’s best funds.
Learn moreThese long-term sector investments are selected based on Jim’s proprietary Fidelity Sector Investor fund-scoring system and set to deliver big profits.
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