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Fidelity Strategic Income Message Board

  • doc_is_needed doc_is_needed Oct 1, 2008 7:23 AM Flag

    Ask the skippers of this fund

    Up until July the skippers of this fund, Derek Young and Joanna Bewick, bragged they were doing great, which of course was totally false. At the beginning of the year 08, this fund was at $10.41 and as of August 08,it was already down to $10.13. The fidelity report came out for the second quarter and it claimed a profit, which was complete fabrication, sort of like Freddie and Fannie. You be the judge.

    Another thing, if you call the main number for fidelity and wait until you get some associate, they may make various recomendations to you , but if you ask any of them specific questions about a fund they just recommended, they have little to no knowledge. They are acting like Merrill did.

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