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I've been in my 401 k for about 5 yrs now. I have about 50% into the s&p 30% into Magellan and 20 into the Russell 2k . Seeing that the market is down Right now and expecting it to turn around in the next couple of weeks. I was thinking of moving heavier into the magellen. say switching percentages w/ the S&P.
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i was pretty heavy in the fidelity magellan, bluechip, and contrafund until i started doing some hard analysis on their performance w.r.t. the s&p500 index (fusex) - i realized that all of these funds hold many of the same stocks and that the s&p500 index fund generally beat out the others for returns over the long term . . . when i considered the fund costs (as the fools told me to) i realized that i could probably do a little bit better with fusex's .18% charge versus the (on average) .74% charge for the other funds. i still hold fidelity growth and otc portfolio, because even though they have about the same fee as the others, at least i feel that they are genuinely investing in something slightly different (in this case heavier in tech). more risky in short term but i've got a 40 year horizon.
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