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Just to be clear for everyone, and mathjak may have already disclaimed this: fmandi, IS NOT affiliated with Fidelity Investments, they make recommendations on Fidelity funds, but are not part of FMR.
I understand. I became a member last night. It makes sense since my IRA is with Fidelity.
that is a very important point . they are not influenced at all by the fidelity brass telling them what to recommend . many times you have to be careful with fidelity suggested portfolio's because they use them to raise seed money for funds that need more capital .
in fact many target funds have the money used for that purpose .
that is a very important point . they are not influenced at all by the fidelity brass telling them what to recommend . many times you have to be careful with fidelity suggested portfolio's because they use them to raise seed money for funds that need more capital .
in fact many target funds have the money used for that purpose .
about 6 years or so from retiring i went from only the growth model to using the income , the growth and income and the growth portfolio's . .
today in retirement i use the income model and the growth and income model. i move between 40-50% equities as a total of both depending on whether we are at the high end of value or lower .
i am at 40% now but if we fall 750-1000 more points i will start to shift some more in to growth and income .
So, do most of you go 100% with one model or maybe go 50/50 between 2 models? I have over 10 years to retirement.
I use 4 of the models. Monies intended to be used after 10 years are in the Select and Growth models where they take the highest equity allocations. Short(er) term is in the Income model, which has the lowest equity allocation, and mid-term usage monies for over 5 years are in the Growth & Income model.
With over 10 years until retirement I would suggest at least 70% of your investable monies go into Select or Growth (or use both if you want). The other 30% I would put in Growth & Income. For you I wouldn't suggest the Income model until you're closing in on 3 years until retirement.
You can use however many of the models you want or as few as you want.
what i do is set each model up in fidelity's watch lists .
that way i can keep tabs on each model separately . it makes it easier to sell or buy when a fund overlaps in to other models . this way i know just the amount to swap .
I just signed up for the newsletter. I have no idea how this works.
Can I buy and sell the funds like stocks?
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