No. of Recommendations: 2
The '04 performance figures are in for stocks and mutual funds. My newspaper carries an AP summary today of mutual funds. They list the precentage increase for the year (including distributions) and the ranking vs peers (1 to 5).

I am amazed at the number of Fidelity funds rated 4 or 5.

In the days of Peter Lynch, Fidelity was as outstanding achiever. Now performance seems medicore.

Especially disappointing is the performance of the sector funds, especially FSPTX, which turned in a 4% return for the year (ranks 4th group). Technology performance was spotty last year, but I can easily name quite a few technology stocks that were up 100% or more. Apple, Research in Motion, PalmOne, eBay, Yahoo. You would think a professionally managed fund should be able to manage 20% return or better in that environment.

Fidelity dropped most of their loads in the last year. What happened? Did they lose key managers? Were they tramatized by the scandals?

Are the Fidelity funds managed to match the indexes? Or are they managed for best return for their share holders?

Shouldn't there be key words in the prospectus to tell us which kind of fund they are offering?

Check out the performance of your funds!! Caveat emptor!!
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.