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No. of Recommendations: 0
I recently ran into a mutual fund which has yielded hugh amounts to patient investors. I am young and I just opened a Roth IRA. You can't start too early planing for you retirement. My investment broker Gary Backstrom who is the V.P of A.G.Edwards explained to me a mutual fund by Fidelity Investments called Destiny I (FDESX). Reviewing this stock and it's track record I was amazed. If this mutual fund stays at the same pase it has since it's inception in 1970 yielding 19% a year. WOW!! that's a lot. The manager has been around for 17 years and is not even close to retirement. I figured if I invest $2000 a year for the next 40 years my portfolio will have grown to around $10,000,000. YES 10 million dollars. That would be a nice amount of money to retire with. This stock is not meant for people who are looking to get rich quick but for someone who wants to save a set amount regularly and put it in the back of the desk. In 40 years when you review it you will be amazed at the things compound interest can do to a portfolio especially with a extremely high yield like FDESX. If you are interested ask your Fincianal Advisor about it. I just want everyone to retire in style. I hope I will. Wish me luck!!
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