FIDELITY IS ALL ABOUT STOCK picking. It stems from the company’s early days, when firm founder Ned Johnson told his fund managers, “Here’s your rope. Go ahead and hang yourself with it.” That philosophy gave Fidelity’s portfolio managers and analysts the freedom to choose good stocks, whatever their approach. The firm is home to some of the industry’s best stock pickers, past or present, including retired Magellan Fund helmsman Peter Lynch and Contrafund manager Will Danoff. As a result, Fidelity’s funds are among the most popular investments for retirement savings.
In this article, the second of a four-part series, we analyze the most popular actively managed Fidelity funds (measured by assets held) in workplace plans. (For our review of Vanguard funds, see “Best 401(k) Funds From Vanguard,” Jan.) The list of funds comes courtesy of BrightScope, a financial data firm that rates 401(k) plans. Eighteen Fidelity funds rank among the top 100. Of those, four are index funds, which we don’t weigh in on here. But the remaining 14—seven of which are Fidelity Freedom target date funds, which we rate as a single entry—are actively managed. We review those and rate them “buy,” “sell” or “hold.” Share classes listed are the most accessible for individual investors, but your 401(k) plan may offer a class of shares that charges lower fees. Returns are through December 4.
This story is from the February 2021 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2021 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
A SOLID YEAR FOR THE KIPLINGER 25
All but one of our favorite actively managed, no-load mutual funds gained ground as markets recovered.
YOUR VACATION HOME COULD PROVIDE TAX-FREE INCOME
If you plan to rent out your vacation home, it's important to understand how your proceeds will be taxed.
IT'S NOT YOUR IMAGINATION: YOUR CEREAL BOX IS SHRINKING
To avoid raising prices, some manufacturers are reducing the size of common grocery items. Here’s how to fight back.
SHOULD YOU WORRY ABOUT BEING LAID OFF? IT DEPENDS ON YOUR INDUSTRY
Downsizing has hit certain sectors. But cutbacks may be slowing, and some companies are expanding.
How identity thieves are exploiting your trust
Con artists themselves are disguising as well-known brands to steal your money and personal information.
CUT THE COST OF YOUR WIRELESS BILL
AT&T, T-Mobile and Verizon dominate the market, but smaller outfits offer similar network coverage at lower prices.
MAKING HOME ENERGY MORE AFFORDABLE
Households in need can get energy-efficiency upgrades, help with utility bills and more from this nonprofit.
A HEAD START FOR SAVERS
The Saver's Credit is designed to help low- and middleincome taxpayers contribute to a retirement account.
Say I Love You With a Money Date
To nurture a lasting bond with your partner, meet regularly to talk about money.
Plan for Your Own Elder Care
AFTER I wrote a series of columns in 2022 about elder care planning for family members, I received a number of responses like this one: “What about married couples who have no children or whose family members don’t live nearby?” wrote one reader. “Or a single individual with no close relatives? How should these people plan for their own elder care?”
