Which Fidelity mutual funds should I invest my 401k in? Im 32 years old.?

Question

1 FAEGX Fidelity Advisor Equity Growth Fund: Class T (FAEGX)
2 FGITX Fidelity Advisor Growth & Income Fund: Class T (FGITX)
3 FAGOX Fidelity Advisor Growth Opportunities Fund: Class T (FAGOX)
4 FMCAX Fidelity Advisor Mid Cap Fund: Class T (FMCAX)
5 FSCTX Fidelity Advisor Small Cap Fund: Class T (FSCTX)
6 FAERX Fidelity Advisor Overseas Fund: Class T (FAERX)
7 FAIGX Fidelity Advisor Balanced Fund: Class T (FAIGX)
8 FAHYX Fidelity Advisor High Income Advantage Fund: Class T (FAHYX)
9 FTBRX Fidelity Advisor Intermediate Bond Fund: Class T (FTBRX)
10 FDAXX Prime Fund - Daily Money Class (FDAXX)

Answer 1

Do not invest in just one fund. Diversity is your best option. Some in FAERX, some in FSCTX, some in FAEGX and some in FGITX and a lesser amount in FDAXX as a safety value in case the market falls. Stay away from the bond funds. They are not good long term investments. Also stay away from balanced funds.

Answer 2

Since you're young, and it's for your 401k, which is very long term, if you can handle the occasional wide swing, you should invest in the most aggressive funds (that would be most likely 1, 3, and 5). Avoid balanced or bond funds at your young age, avoid income funds, and take a look at some of the international funds. Read the prospectus for each fund carefully before investing to make sure the fund is aggressive enough, has low expenses (below 1% of assets per year), and check its performance history.

Unfortunately, no Fidelity mutual fund will ever reach Peter Lynch's legendary performance (30% per year for 14 years); the best you can hope for long-term is 20%, and more likely it will be closer to 10-15%.

Most mutual fund managers (up to 80%) fail to beat the market indexes after fees and taxes are taken into account, so you might want to simply buy a no-load, low-expense S&P 500 (less volatile) index fund.

Also, keep in mind that we are currently in a bull market that started at the end of 2003. You shouldn't time the market, but you also shouldn't put all your money in at one time - it's best to set a fixed amount that you invest each month, no matter if the mutual fund goes up or down, and keep doing that until you're retired.

Lastly, remember - it's unlikely, for a variety of reasons, that the stock market will continue to return 10% annually in the future (as it did for most of the 20th century). 5-7% annually is more likely in the next 20-30 years, although you never know what will happen.

Answer 3

The one thing I don't like about mutual funds is you cant move your money around with out getting penalized. You really need to move your money into what I call safe haven until there is another buy opportunity. This buy and hold idea can only hurt you and become really frustrating if you have a big losses. This loss will possibly prevent you from further investing.

Answer 4

Skip the Mutual funds! Fidelity has a good program for the Self Directed IRA or 401K. They even have training-- both in seminars or on-line. That way you are in control of your money and will get better and better as time goes by. The trades or under $10.00

Answer 5

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Answer 6

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Answer 7

the following is one situation to save in thoughts about the Roth IRA account. there is by no skill any tax on it the position as there is on your 401k. This will grow to be significant at the same time as thinking your asset blend. earnings generating investments are taxed on the completed tax cost as will be your 401k. for this reason it truly is smart to make investments a minimum of a few of your 401k in earnings generating sources--bonds, LPs, REITs. The earnings from each and each and every of those is taxed on the completed tax cost besides. Now because the Roth IRA is by no skill taxed, it truly is likewise smart to positioned a majority of those sources into the Roth IRA also. and likewise fairness investments. What you disregarded to tutor are investments outdoors of those 2 automobiles. once you've some, they should be investments which could be taxed on the capital useful factors cost--fairness investments. really, except you're interior the utmost tax bracket it truly is smart to have area of your fairness investments outdoors of a 401k. by doing so your entire tax bill will be decreased, highly if you're a lengthy time period investor. once you've the least hankering to make investments a number of your earnings gold and silver those certainly should be interior a Roth IRA. both are taxed as collectibles in the different case. yet another situation to guage in regard to the 401k is that in destiny years the tax cost may really be more beneficial, possibly a lot more beneficial, than it at present is. because you quite don't have any decision of putting non-mutual fund investments interior a 401k except for possibly agency inventory, it certainly does make experience to make investments Roth IRA earnings agency stocks particularly than mutual funds. yet be careful. it truly is rather tempting for most to take a position with their Roth IRA account highly short time period procuring and promoting which in the different case may be taxed on the completed tax cost. which could be that enables you to diminish that fee of the Roth account. Be slightly of careful. make investments interior the likes of MCD, WMT, JNJ, BDX, KO, and so on. or possibly ETP with its 8% dividend or PAA with its 7.5% dividend. and do not make investments it in fewer than 5 different agencies.

Answer 8

1

Answer 9

Buy their cheapest index tracker, unless you do not mind lining the coffers of Fidelity.