Softballfreak
New Member
Cash: $ 1.50
Posts: 7
Joined: 24 Feb 2007
Location: Seattle, Washington
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I have the following mutual funds in my Roth IRA: FDRXX, AGTHX , AIVSX , ANWPX , CAIBX , PCVAX. I feel I am well diversified but none of these mutual funds are through my broker (Fidelity) which means I have to pay a fee to add to any of them. So, I need to pick a Fidelity fund to add to this IRA. All Fidelity funds are no-load.  I was thinking of a Fidelity REIT for a sixth fund. Any advice ?
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Thu May 03, 2007 4:00 am |
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Mr.W
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Cash: $ 2.80
Posts: 14
Joined: 02 May 2007
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| Financial Advisor. |
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We see that is very hard to get the accurate financial advice.
But feel free to ask for a diferent answer, like this forum and others, itīs your money and you have to make it grow.
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Thu May 03, 2007 4:50 pm |
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efflandt
Senior Member
Cash: $ 80.45
Posts: 401
Joined: 25 Apr 2005
Location: Elgin, IL USA
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Why loaded funds when Fidelity has over 1000 no transaction fee funds? Although, many of the non-fidelity NTF funds have up to 6 month minimum holding period to avoid early withdrawl fee.
Mid-caps have been doing well in my 401(k) this year. In my IRA I bought $5000 of FLVCX too soon (early May 2006) and added $1000 during summer dip ($10,000 min does not apply to retirement accts) and it is up over 20% since then (incl gains and div reinvested). My other mid-cap is currently closed to new investors (ARTQX), but is up over 27% since purchased early fall 2005.
For some REIT exposure you could try FRESX or AIGYX. I just bought a small amount of FRESX ($3000) recently. Although, it is going nowhere at the moment.
After a wild ride in my first year of trying individual stocks, I currently have a mix of mutual funds and an assortment of European and Asian ETF's to try for more stable growth. My IRA and Roth IRA combined have grown more YTD than all of last year (for the moment). The question is whether the markets will keep charging after expecting the worst, or take their usual summer break.
Our company is already almost meeting its annual targets in some markets, with no letup in sight (privately owned).
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Thu May 03, 2007 11:48 pm |
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Softballfreak
New Member
Cash: $ 1.50
Posts: 7
Joined: 24 Feb 2007
Location: Seattle, Washington
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I guess I should have clarified that I moved my money from one broker to Fidelity due to poor service. I won't bash them on this forum but in a nutshell I emailed my "advisor" with a question and he never even responded. No phone call, no email, nothing. So I pulled my money and moved it to Fidelity. So I had the choice of keeping these non-Fidelity funds or switching all of them to like Fidelity funds for a fee of course. Should I do that or add a sixth Fidelity fund and add to that one ?
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Sat May 05, 2007 4:20 am |
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Softballfreak
New Member
Cash: $ 1.50
Posts: 7
Joined: 24 Feb 2007
Location: Seattle, Washington
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| Adding to IRA |
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That is what I was thinking. I guess my question was whether or not a Fidelity REIT would be a good choice given what I already have in my profile. I want to invest in real estate without plunging toilets.....
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Sat May 05, 2007 4:11 pm |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
I want to invest in real estate without plunging toilets.....
This may not be what you are looking for - REITs are income producers, they are managed to provide rental income. Much of my wealth came from real estate appreciation - and I leveraged the appreciation. That provided lots of unrealized capital appreciation. You are investing in a Roth - that indicates that you are investing for long-term capital appreciation, probably the 12% average long-term return of equities?
I would move everything to the comparable no-load Fidelity fund. You may be over-thinking the diversification, a mutual fund is already diversified. Even the Emerging Mkts and the International components are a big part of the SP500 and the Total Mkt Index these days.
Consider this - the international stocks are getting lots of press and lots of portfolio allocation from the boomers (as are REITs) - but the EU economy is failing badly, EU is a welfare state with an aging population, no young people to pay the taxes for the welfare, birthrate is 1.1 per couple, no kids - the unemployment rate is double-digit - the EU Socialist Gov is maturing and coasting to a stop - and it isn't something that can turn around quickly, it takes maybe 50 years to grow new generations of workers?
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Sat May 05, 2007 4:39 pm |
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