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Thread: Fidelity?

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    Veteran Member rain's Avatar
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    Default Fidelity?

    Has anyone used this company to invest in mutual funds? And how did it work out? THANKS!

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    Veteran Member sunkissedbeachbunni's Avatar
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    Default Re: Fidelity?

    I'd be interested in someones imput also, I am looking to open a Roth IRA with them.

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    God/dess Emily's Avatar
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    Default Re: Fidelity?

    I've been using them for my IRA since 2001 and I have no complaints. Their website is so easy to follow and they have loads of research and investment strategies on there. It's pretty easy to understand too. They are constantly rated among the best.

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    Default Re: Fidelity?

    Fidelity is a 'solid' company. Their mutual fund managers typically beat the performance of many other companies' actively managed mutual funds in similar sectors. Only 'caveat' is that their 'expenses' are significant.

    I also like the fact that Fidelity is one of the few outfits to offer sector funds for such specific sectors as 'natural gas', 'international small cap', 'Pacific basin', 'Europe capital appreciation', even 'Ultra Short Bonds (contrary)', which have allowed investors a better opportunity to 'cash in' on the global economy - rather than being limited to the usual palate of US based stock/bond funds.


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    Last edited by Melonie; 11-12-2005 at 02:42 AM.

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    God/dess doc-catfish's Avatar
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    Default Re: Fidelity?

    I don't have an account with Fidelity, (I'm notoriously frugal so I opted for their competitor Vangaurd), but I've heard nothing but good things about them. Their website is a goldmine of research information.

    If you're looking to start an IRA without worrying about how much you need allocated to stocks, bonds, etc, you may want to look into Fidelity's Freedom Funds, which offer hybrid funds in five year intervals (depending on your retirement date) that automatically adjust to a more conservative allocation over time. I use a similar Vanguard fund for my IRA.

    http://personal.fidelity.com/products/funds/?refhp=pr

    One thing I would point out with it being November, if you're thinking of opening up a general (as in non-IRA) mutual fund account with anybody, this is a great time of year to do research for the funds that you want, but I would hold off buying funds containing stocks until after the first of the year. Most mutual funds will distribute capital gains in December and buying fund shares before the date your fund makes that distribution will net you another 1099 form in your mailbox come January. Its never good to get a tax bill on earnings you were not around to share in. Find out your funds' distribution schedule before you invest.
    Former SCJ now in rehab.

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    Banned Melonie's Avatar
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    Default Re: Fidelity?

    One thing I would point out with it being November, if you're thinking of opening up a general (as in non-IRA) mutual fund account with anybody, this is a great time of year to do research for the funds that you want, but I would hold off buying funds containing stocks until after the first of the year.
    I agree with your timing recommendation, but for slightly different reasons. Historically speaking, stock (and therefore stock fund) prices tend to experience a Santa Claus rally in november and december, typically followed by a notable price decline by mid-January. If you wait until then to buy in, you may also avoid some investment losses on top of the 'distribution' tax bite. I'm not exactly sure of the cutoff date in 2006 to still allow an IRA contribution to count against 2005 earnings, but I'm sure it's beyond mid-January.

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    Veteran Member rain's Avatar
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    Default Re: Fidelity?

    Would you both recommend that I contact them after mid-January, then?

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    Banned Melonie's Avatar
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    Default Re: Fidelity?

    you can certainly contact them at any time -in fact I'd recommend doing so. I'd also recommend researching Vanguard and Nuveen and some of the other companies with similar offerings. Do your homework in regard to determining the management fees each fund/company charges etc. Then when you see the stock market form a short term bottom in mid to late January, make your move and actually transfer your money.

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    Member hrb0's Avatar
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    Default Re: Fidelity?

    I would recommend Vanguard as well. Fidelity does have more mutual funds in the top of the class, but they also have more towards the bottom as well. They are just that much bigger than most other companies. Vanguard has very low annual fees. It is the fees that hurt when the market is down. It can be a little upsetting when a company charges you large fees to loose money for you.

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