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
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
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
| Model | YTD | 5-Year (Annualized) |
|---|---|---|
| Global Quant Growth | 11.6% | 13.9% |
| Growth | 6.1% | 11.2% |
| Growth & Income | 4.0% | 9.6% |
| Income | 1.4% | 6.4% |
| Annuity Growth | 8.7% | 9.6% |
| Annuity Growth & Income | 7.0% | 8.5% |
| S&P 500 | 9.9% | 14.5% |
| Fidelity Investor Index | 6.6% | 7.1% |
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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