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Agree on the advisor comment. Don't need them. There are so many resources out there. Start with Peter Lynch - One Up On Wall Street.
Index funds are boring though -- and for the lazy. If you want to make money -- do the homework! Get off facebook......
Index funds are boring BUT they do BETTER! That's why Peter Lynch recommends them over actively managed funds.
"In study after study, year after year, it has been shown that the vast majority of actively managed mutual funds underperformed their benchmarks" -- Jim Cramer
fcntx has beaten spy the 1 yr , 3, year , 5 year was just about tied 11.75 contra , 11.78 spy , fcntx also beat spy in the 10 and 15 year time frames.
you are kidding right , contra beat it almost totally the last 15 years straight except for a tiny tiny fraction of a percent in the 5 year... above is right from morninstar
flscx is a specialty fund not a regular core diversified stock fund . it goes after highly leveraged company's .
but you can look at look at fidelity growth company or fidelity blue chip growth as another typical core large cap fund. all have excellent long term records beating the s&p 500. will they do it every year ? nope , no fund will but over time they have been and as the value grows larger and larger in other stocks not in the s&p 500 they will likely continue doing it .
no one knows for sure but i would certainly take the chance . most of the mega funds with most of investor money you will find have been very good long term performers and investors vote with their money .
80% of the funds out there have little investor money and they are the ones that are on top one year and the bottom the next or they are so small no amount of good stock picking can absorb the costs of running a tiny fund . but you will find when comparing the 20% of funds out there with 80% of investor money the spread between the indexes doing better or worse is far closer
Last edited by mathjak107; 04-17-2016 at 06:54 PM..
fcntx has beaten spy the 1 yr , 3, year , 5 year was just about tied 11.75 contra , 11.78 spy , fcntx also beat spy in the 10 and 15 year time frames.
You said popular fidelity funds have "blown the doors off" index funds over past 7 or 8 years. How can this statement be true when Contra trailed SPX on five year returns? What about other time periods with 7-8 years?
Four years
Six years
Seven years
I guess "blowing the doors off" is subjective but where I come from blowing the doors off over the past 7-8 years doesn't look like the charts above.
Wrong. The SP500 is up 1.03% YTD. The only major market sector that is up over 10%+ year to date is utilities. Barlclay's aggregate bond index is up somewhat over 3% during the same time frame.
Not necessarily. If you're measuring from February, the market is up 10%. The poster you responded to didn't give the time frame.
You said popular fidelity funds have "blown the doors off" index funds over past 7 or 8 years. How can this statement be true when Contra trailed SPX on five year returns? What about other time periods with 7-8 years?
Four years
Six years
Seven years
I guess "blowing the doors off" is subjective but where I come from blowing the doors off over the past 7-8 years doesn't look like the charts above.
just look at contra's long term record , it has beat spy over the 1 , 3 , almost tied the 5 by a fraction of a point , beat it the 10 and 15 year .
which fund would you have preferred ? i know my choice.
1 year fcntx 1.13
1 year spy .87
3 year fcntx 13.31
3 yr spy 12.48
5 year fcntx 11.75
5 yr spy 11.78
10 year fcntx 8.14
10 yr spy 7.09
15 year fcntx 8.87
15 year spy 5.81.
another large cap mega fund fidelity growth company which i have held since the inception
1 yr fdgrx -3.63
1 yr spy 2.44
3 yr fdgrx 15.24
3 yr spy 12.48
5 yr fdgrx 12.55
5 yr spy 11.78
10 year fdgrx 9.35
10 yr spy 7.09
15 yr fdgrx 7.65
15 yr spy 5.96
i could keep going , you can look at fidelity blue chip growth too .
the point is investors do a whole lot better voting with their money then those silly statements about 80% of managed funds failing to beat the index.
the mega funds are mega funds because that is where most of investor money is so yes you can say indexing beats 80% of the funds , i agree , but it does not beat 80% of the investors money .
you make a list of those large cap funds with the bulk of investors dollars in them and i bet the odds are greater you will pick one that outperforms the s&p then does not . in other words the statistic is reversed . you have better odds not indexing
as reuters pointed out fidelity's large cap funds have put an additional 35 billion in to investors pockets compared to spy so yes i would say that is significant
just look at contra's long term record , it has beat spy over the 1 , 3 , almost tied the 5 by a fraction of a point , beat it the 10 and 15 year .
Why would I be interested in 10 or 15 years when you said popular Fidelity stock funds blew the doors off index funds over the last 7 or 8 years, that is the point I'm questioning.
When Contra, one of the most popular stock funds underperforms SPX over the last 4, 5, 6, and 7 years I'd say you've got a weird definition of blowing the doors off of index funds.
Quote:
Originally Posted by mathjak107
which fund would you have preferred ? i know my choice.
Your or my choice isn't what we're discussing, I'm calling into question you implying some huge margin of gain from Fidelity stock funds over index funds over the last 7-8 years when that clearly isn't the case.
35 billion is quite a bit of difference . some funds will be more then a few points over those nearer term years .
even one point over 7 or 8 years is a substantial difference . i agree this particular fund pretty much tied the index over the 5 years but look at all the other time frames , longer term you were well a head but contra is only one fund , others certainly did better on the 5 year , blue chip growth , growth company , all did not only better over the 5 year but much better longer term .
the bottom line is any of these top middle of the pack mega funds tend to out perform and while there are no guarantees the odds may be higher that they will then your index fund being the one to outperform
.
Last edited by mathjak107; 04-18-2016 at 07:04 AM..
This is why you shouldn't have sold your real estate.
Quote:
Originally Posted by Perma Bear
Move somewhere cheaper
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