FDGRX
FIDELITY GROWTH COMPANY FUND FIDELITY GROWTH COMPANY FUND
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New to This. My Employer offers Investment Options (403B) through Fidelity. What mutual funds are best, in your experience?
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>Many years ago I rolled over some 401k funds into FDCAX and FDGRX. They seem to have significantly outperformed FZROX over the last 10 years Impossible, as FZROX only came out in 2018.
Many years ago I rolled over some 401k funds into FDCAX and FDGRX. They seem to have significantly outperformed FZROX over the last 10 years. I presume the historical returns included the fund expenses. 6 months ago, I moved half of my IRA from Fidelity to Schwab. I was able to stay in those funds without any sales charges or fees. If I bought more, then Schwab might charge some fees, I think. I don't know if FZROX would have transferred as easily.
Like I said to someone else in this thread. If you’re not comfortable purchasing stocks, then consider something like FDGRX. It follows the S&P 500 and has the majority of the mag seven stocks. I think analyst they’re giving it somewhere around a 90% five year forecast and I believe it has a 9% annual dividend, which is pretty good. If he chose to go this route, consider setting the dividend up so that it reinvested itself. When you turn 60, you can turn off the dividend reinvestment and use it for passive income. A sidenote, stocks that pay a high dividend. They’re very good for passive income during retirement. An example would be ZIM, it pays a high dividend and also has a decent annual yield. The nice thing about dividends is most states. Do not text them, they’re only tax on the federal level.
I don’t think it will. It looks like its five year forecast is around 40%. VGT has a dividend yield of 0.52% and paid $3.19 per share in the past year, which is not that good considering it has a low yield. If you’re not comfortable buying stocks, ETF’s and mutual funds will still make you money. You’re just not going to have very big annual yields like a strong stock can. Consider FDGRX, it contains the majority of the mag seven stocks. The current price is $39, analyst are giving it about a 90% five year forecast and I believe the annual dividend is around 9%, which is very good. If you choose to purchase this, set it up so the dividends reinvest and it will compound overtime.
Here is a simple plan for you. Also, good job with your portfolio today. Here are some suggestions: 1. If you qualify for a Roth IRA do that ASAP and max it out. This will also provide you a rainy day fund; meaning, all the money you put in there (7,500 per year) is after tax money. You can almost treat it like a saving account to an extent. At any point you can take out whatever money you put in anytime. You’re only penalized taking money out on interest earned. Also, if you have kids any money in your Roth can be used for college education without penalty. 2. While it’s nice paying your home off leverage equity in your house when rates drop, assuming you have an interest rate when they were at all time lows during COVID. 2 a 3.5%. I personally took out equity in my home at a rate of 3.2% and invested in mutual funds that have provided returns the last 4 years above 26% (FXAIX and FDGRX). I leveraged money to make money. 3. While smaller - make sure you’re in a money market account related to your checking account. I am in a high yield account providing a 4.6% return on my money. 4. Think about CDs right now. Rates are still above 5% percent which is guaranteed return. I listed a few basic options for growing your portfolio. There are many alternatives but figured I’d help you with a few basic items. Good luck
Fair enough. Fidelity has some that are quite good, Fidelity growth company fund and contrafund in particular. https://www.fidelity.com/mutual-funds/investing-ideas/beat-the-benchmark You also have to keep in mind that if you pick these funds inside a company sponsored 401k, you frequently get discounted expense ratios. You might only be paying 0.35 - 0.45% ER for FDGRX or contrafund, rather than 0.70 - 0.80% ER.
I would think they would be pretty similar. SCHG may be a bit more diversified with FDGRX holding 16% of assets in NVDA. FDGRX has outperformed SCHG over 10 years but it does have a higher expense ratio. Who knows if the outperformance will continue. Both are good options. I like to compare top holdings and go with the mix I like the best when comparing mutual funds and ETFs.
FDGRX has been extremely good to be over the last 10 years.
So first off neither of the funds you mentioned are ETFs they are mutual funds. Robinhood doesnt offer Mutual funds. VOO or IVV will be the same as FXAIX, if you want an ETF FDGRX - is a large cap growth fund, I am to lazy to look it up for you but all you need to do is compare that to the large cap growth etfs (Vanguard, Blackrock and State street among other offer them). I doubt there is anything unique to FDGRX but there may, gotta put in a bit of research.
If you don’t want to change your investment, you can’t take advantage of the transfer bonus. Thems just the breaks. Different brokerages have different offerings. Robinhood doesn’t offer FDGRX, or any mutual funds for that matter. Fidelity isn’t offering you free money. You will have to choose between keeping your investment, or transferring to Robinhood for the bonus.
I was in a couple mutual funds at the time that essentially would look like QQQ and VTI today. I have changed that since and now most of my money is in FBGRX, FDGRX, FSKAX My kids college fund / Utma are in QQQM, VOO, and VTI - mind you there is a ton of overlap in a lot of these so any blue chip/large cap ETF is going to perform similarly.
Active funds will sometimes close to new investors because the manager doesn't feel they can suitably execute their strategy at larger size. Usually capacity is limited when training smaller cap stocks where large trades will have bigger market impact, or for funds with high turnover. But neither of these factors apply to FDGRX so I'm not sure why it's closed.
I mean, I hope it works out like this, but in reality having 50% of your fund in MSFT, Nvidia, Apple ... ehh. They might continue to dominate, but if they don't, you are going to get fucked. People hate on Active Funds endlessly here and most are indeed garbage, but there are a few good ones, and I would trust FBGRX and FDGRX to continue to outperform QQQ and other similar passive funds on a risk adjusted basis, and have a better chance of avoiding a calamity that could really hurt a passive fund like QQQ. They actually earn their expense ratio, and if you can get a subsidized expense ratio on them in an employer 401k ... 110%, get them. Even FCNTX ... really good fund and superior to an S&P500 index fund. There are a lot of Fidelity Active Funds that are actually really quite good and have outperformed their benchmarks for several decades, and you can look at that performance in any number of ways ... Fidelity Funds tend to be outperformers. If you want your 15-20% CAGR over the next 10 years, your best bet imo is putting your money in one of those 3 Fidelity Funds I mentioned that are ran by guys who actually really know what they are doing and don't rip you off. You might not get there, but it is your best shot as a common person.
19% CAGR over the last 10 years. First 5 years were a variety of things with fair results, last 5 have been with a Duel Momentum strategy involving FDGRX that I use as guidance to shift away from some of the brutal drawdowns and into more defensive/value.
Ya. It is a great fund, but volitile. I have found some ways to use a duel momentum based strategy to rotate between this, fidelity contrafund(more value, less tech, still good), and cash in my 401k that have out performed FDGRX alone in pretty much every respect, backtested 30 years. FDGRX is a good active fund, but as an individual I can move my holdings around a lot more quickly and react faster than thier billions can, so I am very happy to shift my 401k if I think FDGRX is going to get smashed like it did in 2022.
If you'd rather have a more passive profile, you probably shouldn't be trying to pick individual stocks. You'd be better suited with index funds. If you're young and are willing to take more risk, check out growth oriented funds like FDGRX.
Not FDGRX. It must be one of the few
I'm a relatively new investor. I've been diligently contributing to my IRA account, but only recently found out that my contributions were going into money market funds and not into any of the various mutual funds that were rolled into from previous company 401Ks in-like mutual funds (Thanks to reading Ramit Sethi's book highlighting the importance of paying attention to your IRA investments). I made sure to put my contributions into mutual funds in my IRA account and consolidated all of them to a target-date fund and a growth fund that appeared to be performing well (FDGRX). FDGRX has an P/E of 0.72, which isn't too bad, but isn't great either. I was thinking of moving this to another similarly performing fund (FSPGX), with a much more affordable P/E of 0.035. However, after looking at [this post about zero-P/E mutual funds](https://www.reddit.com/r/investing/comments/10zwehe/are_fidelity_zero_funds_really_a_good_deal_theres/?utm_source=share&utm_medium=web2x&context=3), it looks like a better strategy is to consider investing in zero P/E funds (such as FZROX or FNILX) in the IRA and perhaps investing in FDGRX or FSPGX in a brokerage account. I thought to post to ask if the general school of thought is to have mutual funds with the lowest or no P/E-ratios in tax advantaged accounts and better to have mutual funds with higher (but still acceptably low) P/E-ratios in brokerage accounts. Just looking to see if this is the right basic principle to consider as a factor when choosing mutual funds between a tax advantaged account and a brokerage account.
Hi all, I have about $100k to invest. I’m thinking of putting about $50k in S&P500 in an individual brokerage account and $50k in US treasury bills. \* 43F, USA, earning \~$130k annually, self-employed \* This money is for savings, emergency fund. \* I don’t need the $100k anytime soon, but like to have some liquidity with some of my assets. \* High risk tolerance, but I think it's worth taking advantage of the guaranteed return of current high interest rates on CDs and Treasury bills. \* Currently already have: Individual brokerage with $60k in S&P500 HSA in SPAXX Retirement: Roth IRA $260k and Solo 401k $273k both in FDGRX. Additional Cash: $50k (since I’m self-employed, I keep some money liquid in case of downturns and some of it is earmarked for taxes, business expenses and $10k for my elderly mom. \* No debt, no mortgage
FDGRX is an incredible fund, I had it for years in my 401K but sadly my employer was acquired and we no longer had access to it. Closed to new investors. VPMAX is a great actively managed find as well, but FDGRX is amazing.
I've been holding shares of [FDGRX](https://fundresearch.fidelity.com/mutual-funds/summary/316200104) for 20+ years now and it's almost always outperformed VOO/SPY and the other benchmarks. Quite happy. Closed to new investors unfortunately.
About 25% is in TSLA. This is a play from 2017 so it’s helped a lot. I originally bought in at 30k and sold half when it was about 400k to pay off one of my houses. Now it’s more than doubled again so still holding. Target is 1k in a few years. Writing is very much on the wall for auto and energy industries so it’s just a time thing. About 1/3 is my dividend account which is a long term play to try and help replace our income if our business fails - it makes about 6000-6500 a month (about 10% yield) on QYLD, RYLD, XYLD, JEPI, and SCHD. I add $1k every week on top automatically to this. Right now using the dividends to pay off a margin loan on this account. We used the margin to build an ADU for our house. This added about $1m in value to the property but also generates about 50k rent. The only other individual stock is MSFT which I have from the old days of working there. Cost basis is like $39 on these and I continue to hold - it’s like maybe 6-7%. Also hold about 7% FDGRX - an old closed fidelity fund that performs well. Everything else is mostly indexes as well as some SQQQ which is interesting. I’m mostly buy and hold as do put and covered call writing for more income. I never buy options as that’s just gambling pretty much when you add in the IV decay. I’d rather be on the other side of that coin like with trade as you just win almost all the time.
This is a great response by someone who watches the market and understands the current uncertainty in equities. From a real estate perspective - that is also a very uncertain place to go as property taxes are on a significant rise now that the real estate bubble of early 2022 is impacting appraisals. Along with high rates, real estate is just as uncertain in my opinion and the lack of liquidity (apart from REITs) puts real estate in an unfavorable place for me personally. To further answer the question... First, depending on your current pre-tax investment strategies, max those IRA investments and Roth investments first in a FDGRX low cost mutual fund or ETF like FTEC or QQQ or even SPY. For the rest, I personally encourage ETFs as you can set stop-loss trades to prevent large losing days in a testy market like this. If you are feeling a little more adventurous, trade covered calls 30-45 DTE at a delta of .3 and rinse and repeat. In a flat market you can make 2-6% a quarter doing this and if you are in a losing market, you can still make a few bucks selling cash-secured puts and limiting your risk. As the market extends into a sustained rally, park it back into the high growth ETFs and go fishing. It's just money.
https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=BRK.B&allocation1\_1=100&symbol2=SPY&allocation2\_2=100&symbol3=FDGRX&allocation3\_3=100
Advisor New Insights (FNIAX) Growth Co (FDGRX) Contrafund (FCNTX)
Compare QQQ (full chart morning star) with FXAIX, FBGRX. The allocations in FBGRX is too good and the growth is slightly better than QQQ over 1 year, 3 year and 5 years..etc The best choice is FBGRX. If you are allowed, FDGRX is slightly better than FBGRX over long years. [https://imgur.com/QTd4dLq](https://imgur.com/QTd4dLq)
I bought in to FDGRX a month ago and I'm down almost 10%. Meanwhile the two zero expense funds purchased at the same time are down less than 1% (FNILX AND FXROX). I'm going to ignore it for a while longer and hope it turns around.
Pretty sure FDGRX is soft closed
All great advices and totally agree. My 2 cents (others please weigh in) that basically comes down to affordability and convenience: 1. You can't auto invest in ETFs. Upon asking, the Schwab guys told me, since ETFs trade throughout the day, they don't want to decide the price for us. Mutual funds on the other hand, has a single NAV for the day. For me, to keep emotions out of the picture, I have found auto invest to be highly effective. 2. Since you can't buy fractional shares of an ETF, unlike a mutual fund, sometimes you just don't have that much cash, especially after the ETF's share price has grown quite a bit over time. 3. I'm quite surprised nobody has mentioned one of the best performing (past performance doesn't reflect.....) Fidelity mutual funds - FDGRX.
I was unsure if the stock market is overvalued. Last year, I made the mistake of confusing bond yields (which I felt would go up due to rising interest rates) and bond prices (or bond fund prices really). So I put 10% of my investment net worth into a bond fund (FXNAX) initially thinking I'd leave it there for a year to see how the stock market behaved and I expected it return a couple of percent at least. It is down 2% since I put it in (which was Nov 19 2020). I would like to be invested in the rest of the market and would be but don't like the idea of losing that 2% and I'm still left with the problem of a possibly pricy market. I wonder if I should continue to wait it out and hope it comes back or take the loss and put this money into my usual investments DCAing in (which are in that 401(a) account MSSMX, FDGRX, FBGRX, and FXAIX at roughly 25% each) or put it into some a value fund like FLPSX (I have a limited selection of funds available to me in that account). FLPSX may not perform as well as my growth funds in the last couple of decades but it does appear to return a solid 10%+ per year. My horizon is very long. I'm 49, and I imagine I don't have to take RMDs at least until 72, so at least 22 years but possibly longer depending on how withdrawals are structured. I plan to "work" until I simply can't, so probably will end up leaving a lot of this to charity and children. So would just like to obtain optimal returns. This fund has been close to break even a couple of times in the past several months (once on Dec 31, 2020 it was even higher than my initial investment) and very recently it was I think down < 0.5%. But again because it was in the red I didn't move it into a money market fund which is where I should've left it. Thanks for any advice/help/thoughts!
I was unsure if the stock market is overvalued. Last year, I made the mistake of confusing bond yields (which I felt would go up due to rising interest rates) and bond prices (or bond fund prices really). So I put 10% of my investment net worth into a bond fund (FXNAX) initially thinking I'd leave it there for a year to see how the stock market behaved and I expected it return a couple of percent at least. It is down 2% since I put it in (which was Nov 19 2020). I would like to be invested in the rest of the market and would be but don't like the idea of losing that 2% and I'm still left with the problem of a possibly pricy market. I wonder if I should continue to wait it out and hope it comes back or take the loss and put this money into my usual investments DCAing in (which are in that 401(a) account MSSMX, FDGRX, FBGRX, and FXAIX at roughly 25% each) or put it into some a value fund like FLPSX (I have a limited selection of funds available to me in that account). FLPSX may not perform as well as my growth funds in the last couple of decades but it does appear to return a solid 10%+ per year. My horizon is very long. I'm 49, and I imagine I don't have to take RMDs at least until 72, so at least 22 years but possibly longer depending on how withdrawals are structured. I plan to "work" until I simply can't, so probably will end up leaving a lot of this to charity and children. This fund has been close to break even a couple of times in the past several months (once on Dec 31, 2020 it was even higher than my initial investment) and very recently it was I think down < 0.5%. But again because it was in the red I didn't move it into a money market fund which is where I should've left it.