Fidelity funds for year 2008

[r2hyd2010]

I am self employed and use fidelity for my 401k. I have mostly invested in India and real estate here in US and have about 200k in 401 k through fidelity. My wife has her 401k with her employer and that is not with Fidelity. We used to play options and buy individual stocks during 1997 - 2000 but stopped after that as I was concentrating on some other stuff.
But now, we want to invest in retirement accounts as we are in our late 30's.

Please recommend any appropriate fidelity funds considering the market situations in the next 5 - 10 years.
Fidelity Contrafund.
Fidelity Strategic income.
Fidelity Value
Fidelity Balanced.
And some international mix.

Some of the forum members here have very good knowledge about investments and would appreciate if they comment on this. I have been to financial advisors but am not really satisfied. I know I need to do some homework but not really getting enough time to do that. Any of your comments would be a good starting point.

[r2hyd2010]

I am looking into diversifying more into bonds. Any suggestions for that using Fidelity...

[r2hyd2010]

48 views and not one comment!! Either I posted the wrong question or nobody is dealing with Fidelity here. It would help if someone using this investment firm could list what funds they chose and why.

[anusril]

48 views and not one comment!! Either I posted the wrong question or nobody is dealing with Fidelity here. It would help if someone using this investment firm could list what funds they chose and why.[/quote]

OP,

I have viewed your post but as I do not use Fidelity, I do not have an educated opinion of their funds and hence did not respond :)

[NoChaos]

48 views and not one comment!! Either I posted the wrong question or nobody is dealing with Fidelity here. It would help if someone using this investment firm could list what funds they chose and why.[/quote]What you expect? It's incomplete information.

[r2hyd2010]

What you expect? It's incomplete information.[/quote]
I just want to connect with other people who are using Fidelity and see how their fund choices are performing and how they diversified. And also, if Fidelity itself is a good choice or not. Most of the funds I listed here performed pretty bad last couple of months and I was wondering whether I am in the right place.

[be_happy]

r2hyd2010

I have an Rollover IRA and current 401K with Fidelity.

IRA (47% US Equity, 28% Foreign Equity, 25% Bond)
------------------------------------------------------------------
OAKBX 25.70% (this is the non-fidelity fund)
FCNTX 21.37%
FLVCX 16.35%
FDVLX 4.79%
FDIVX 20.73%
FAGIX 5.48%
FBIDX 5.59%

I have got 12-18% return for the last 4-5 yrs and I do some re-balacing every year. For the 2008 YTD I am down -7% and will be moving some % from large-growth into small-value.

Current 401k (60% US Equity, 30% Foreign Equity, 10% Bond)
-------------------------------------------------------------------------------
FDGRX 14.05%
LRSCX 6.78% (this is the non-fidelity fund)
FDIVX 13.99%
FFFEX 65.19%

This is the new 401k I started with the new employer around 5 mths back and considering the down market in the last 2-3 mths I am going agressive into Equity. For the 2008 YTD I am down -8.5%.

Hope this helps and any feedback from others will be helpful for me too.

Thanks

-V

[ramani]

I have my 401K with fidelity. I got lucky to get into FLPSX and FDIVX before they closed for new investors. And I invested in FCNTX also few months back. Till last month or so, I had about 35-40% gain!! Just last month, recession fears brought the stock market down and my gain has reduced to 25-30%. I am carefully following the market for confirmations of recession in which case I will move a significant percentage to bond funds to avoid further destruction.

Hope that helps!

[NoChaos]

I just want to connect with other people who are using Fidelity and see how their fund choices are performing and how they diversified. And also, if Fidelity itself is a good choice or not. Most of the funds I listed here performed pretty bad last couple of months and I was wondering whether I am in the right place.[/quote]Everyone has different goal ,risk. So don't compare with others. Adding more fund does not mean your are diversifying more. On US equity side biggest diversified fund is FSTMX.

Fidelity is as good as any other fund company. Why you choose these funds? If it's based upon your plan or you like fund manager/investment philosophy than stick with it. Did something is changed in these funds?

[r2hyd2010]

Thanks be_happy for sharing your portfolio. ramani, I looked at the funds you metioned and yes they are not open to new investors. They look like good picks.

I have chosen only NTF(no transaction fee) and which have a
morning star rating of 3 stars or above. I thought the commissions on load funds and non-fidelity funds are too high. I researched a little bit about LRSCX , FFFEX and FLVCX and am impressed. I have to do my 401k allocation for year 2007 before march end and I will definitely look into these. I am thinking is it good to allocate all at once or over a time as we are getting discounted prices now.
For me, FCNTX, FEXPX and FBALX have been good performers. FSICX is a multisector bond fund and it has been good too.

Worst performer has been FDVLX, a mid cap value fund. I bought it high and it has been down 12% from the time I bought. Ouch!! I am in two minds whether to put more money into this fund as it is low now.

FDSCX, small cap independence(small growth) has also not performed well.

I chose FIGRX , foreign large blend against ramani's FDIVX which is a foreign large growth and atleast for now looks like a wrong choice.


Thanks everybody for your comments.