It was nice that the fund didn't take a big dip after dividends were paid. Even though it was there, it didn't feel like a huge loss. With as bad as the numbers can look for this fund, when you throw in the dividends, it has actually done OK.
Please tell me why this fund manager made no changes when the market went into the dumps? Just sitting there while everything was tumbling down is not what I would have expected from a Fidelity Fund Manager
This Fidelity Fund Manager must have set this up and gone on a very long trip. When the market went into the dumps there were no changes made. Where is the concern. I would like to have a deal like this. Kind of like a Life insurance Agent, you sell the policy and collect a part of the premium for the rest of the policy life.
It will perform as intended. This fund is exactly like the others in the family it comes from. Fidelity offers a number of these funds.
If you're looking for a fund that will not swing as the market goes up/down then this is not the best choice being so far from it's target 2040.
If you've been in for two years, then IMO now should be a good time for you to take advantage of the market.
This dog is aerfect recipe for abig loss.....it is a fund made up of other mutual funds... Double the fees... only one winner.. the fund company.. go figure...
What are your thoughts on this fund? I've been investing in it for 2 years now. We are down ytd 12% past 5 years up 8%. I noticed 18% is invested in the financials.
This fund is one of my core holdings in my 401k plan. The only thing I don't understand about Fidelity Freedom Funds, in general, is why the managers hold on to so many "junk" bonds. Here's a breakdown of the credit quality of the bonds in this fund:
Below B 11.05%
You'll find similar holdings with FFFEX (2030) and FFTHX (2035).
Now, let's compare that to Vanguard Target Retirement 2040 (VFORX). Their bond holdings average AAA with the following spread:
Below B 0.05%
When I use Fidelity's online porfolio analysis tools, it tells me that my bond holdings are off target (I should hold higher credit quality bonds).
I guess they are suggesting I sell their target date funds and go with some other brokerage firm? Kind of ironic, don't you think?
it's funny you mention. somehow came across this today. i bought skf and qid huge last fri and already dumped them for large profit. bleeding still not over
To buy skf, qid
skf is a fund that allow you to short the whole financial sector..qid allow you to short against nasdaq
a huge wave of write down will rock the wall street next week..
you should hedge against your lost by buying qid,skf