Bloomberg - July 24, 2018

Heeding Politics & Your Portfolio

September 2018

Fall is upon us. And yes, I know that the official end of summer isn’t until September 21—but tell that to schoolchildren and those of us in the workforce. Market highs were August’s harvest; the longer we go out on this bull market’s branch, the less surprising the market’s fall will be—but tell that to the fundamentals (earnings, interest rates, and economic data). In this issue, I climb back up into the limbs of Fidelity’s large-cap value stock fund tree; it’s a good place to be if storm force winds begin to uproot more growth-sensitive crops. I also invite you... Read more

Market’s Slow Growth Train Keeps Rolling

September 13, 2018

To all members (and any member’s kith and kin) who are in the path of Hurricane Florence, we’re rooting for you and hoping the catastrophic predictions fall significantly short of their high-water mark.... Read more

Calm Before the Storm

August 16, 2018

The scant notable economic reports that we have received this week continue to reflect a steady-as-she-goes slow-growth economy driven by confident and financially stable consumers. Both remain prone to event-driven news and the enervating politicization of everything … right down to the beer you drink. Although everything under the sun is feeling increasingly on the brink of one kind of collapse or another, the markets at home (and, to a lesser and more volatile degree, abroad) remain remarkably, almost miraculously resilient.... Read more

Fidelity Investor’s models have 8/31/18 returns of between 1.4% and 11.6%. The average Fidelity investor’s portfolio gained 2.7% in August.
ModelYTD5-Year
(Annualized)
Global Quant Growth11.6%13.9%
Growth6.1%11.2%
Growth & Income4.0%9.6%
Income1.4%6.4%
Annuity Growth8.7%9.6%
Annuity Growth & Income7.0%8.5%
S&P 500 9.9%14.5%
Fidelity Investor Index 6.6%7.1%

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.

Awarded ‘2016 Newsletter Honor Roll’ by the independent Hulbert Financial Digest

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

Say goodbye to Index funds and Hello to Actively Managed funds

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.

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Tap into the Wealth-Building Power of Sector Trading

These 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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