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Fidelity Contrafund Message Board

  • tommystudley tommystudley May 3, 2013 10:20 PM Flag

    which is the best mutaul fund to be in...


    one that gives a divi, 2 x's ayear.... fees not as expensive, and has god track record through good and bad times?

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    • Tommy I was on FCNTX from 2000 to 2010, when the market crashed I switched to VINIX with has a very low maintanance fee .04% and pays dividend every quarter. Now that the market is going higher I switched back to FCNTX again even it fee is at .85% (correct me if I'm wrong). A growth fund like FCNTX is good in a bull market and VINIX is a good on a bear market.
      I'll give you an example my $70,000 money will buy 850+shares of FCNTX while 450+ shares only for VINIX, both funds grows. Like Roubini says there will be a chance of market correction 2 years from now or once the DOW is in 17,000-18,000 range.

      • 1 Reply to jason3vnyo
      • thanks jason i will look into this, i have been in contra for quite sometime, don't think its a bad fund, but i am deeeply concerned how they determine a distribution, how do you go from giving out a $10 divi to .002?
        i understand the economy has something to do with that, but c'mon... 80% of their biggest holdings today gives one!!!! where does all that money go? even when i called a fidelity rep he was as stunned as i was when they didn't give one at all last year.... when their money involved somebody is fanaglin!!!

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