Why Fidelity Mutual Funds

Fidelity Investments offers sector funds under the Fidelity Select fund umbrella. We prefer these Fidelity sector funds for the following reasons:

Fidelity Sector Fund Choices

After pioneering the sector investing concept in 1981, Fidelity Investments has expanded the Fidelity Select funds to span 7 sector groups. Each sector group has one broad sector fund and several industry-specific funds. In all, we have 41 Fidelity Select Funds to choose from.

Active Management of Mutual Funds

Rather than track sector-specific indexes, Fidelity sector fund managers actively seek to invest their fund’s assets in the best ideas within their universe. Fidelity Investments employs a staff of over 600 portfolio managers, analysts, and traders world-wide to conduct research and develop investment ideas for managing the Fidelity mutual funds.

Multiple Account Types

Fidelity sector funds are available for regular and retirement accounts. The retirement account may be a Fidelity IRA account such as Roth IRA, Rollover IRA or self directed IRA account. Fidelity sector funds are available for Fidelity SEP-IRA or Fidelity Keogh accounts as well. Fidelity sector funds may also be available in a Fidelity 401k account if your employer sponsored 401k plan has this option. Fidelity 401k investments can be conveniently managed using Fidelity Netbenefits.

Low Minimum Investment

The minimum investment required to open a regular or IRA account in any Fidelity Select fund is $2,500. The minimum investment required to open a SEP-IRA or Keogh account in any Fidelity Select fund is $500.

Low Costs

Fidelity mutual funds are no-load funds. Further, for the Fidelity sector funds there are no fees for exchanges done through the Internet when the investment is held over 30 days. This works to our advantage since our holding duration for sector fund investments is typically 6 months or longer. (Note: The Fidelity Select fund prospectus provides a description of the fees & expenses associated with these funds. Read the fund prospectus carefully before investing.)

 

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Fidelity Select Funds: Choosing the Best Fidelity Sector Fund Consistently

Few investment products have as many fanatics as Fidelity Select funds do. Why? The Fidelity Select fund aficionados know that they can beat the market by judiciously selecting such funds. Here are the facts: The average Fidelity Select fund has outperformed the S&P 500 by 4.7% per year over the past 20 years. The stats get even better.

401k Rollover IRA: 401k Retirement Plans’ Booster Rocket, Rollover IRA

Switching your job? Retiring? Congratulations! A window of opportunity opens for you with the Rollover Individual Retirement Account or Rollover IRA. In an era of corporate restructuring and outsourcing, Rollover IRA is among the most powerful means available for securing one’s retirement. Yet, the potential of Rollover IRA to enhance one’s retirement savings commonly remains under-appreciated.

Fidelity Select Funds: Best Fidelity Select Funds for 2019

The best Fidelity Select Fund on average beats the S&P 500 by 43.6% each year. Which Fidelity Select Fund will be 2019's best performer? Read More »

New ETF and Mutual Fund Recommendations

The Fidelity and ETF Core and Focus model portfolios have gained at annualized rates of 14.5% and 17.7%, respectively since 1994. The model portfolios will be repositioned with new mutual fund and ETF recommendations on Tuesday, December 31. Learn more about AlphaProfit's Free and Premium Service investment newsletters.

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