5 Best Fidelity Funds for Retirement

Contrafund, FLPSX and other favorites make the list

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Fidelity mutual fundsFidelity mutual funds are some of the most popular investments out there. Take Fidelity Contrafund (FCNTX) — it’s one of the top 10 largest mutual funds by assets, with over $68 billion in assets under management.

Other popular Fidelity investment options include the Fidelity Low-Priced Stock Fund (FLPSX) and Fidelity Growth Company Fund (FDGRX) with about $29 billion and $26 billion in assets, respectively.

But when picking the best Fidelity funds, size isn’t always the best measuring stick. Sure, FCNTX is big for a reason and Fidelity Contrafund has a big following on Wall Street … but there are also a host of impressive Fidelity investment options out there that may not be as well-known.

Similarly, the best Fidelity funds for 2014 and beyond may not necessarily be the best investments so far in 2013.

Take the Fidelity New Markets Income Fund (FNMIX); this emerging markets mutual fund is down 9% as domestic stocks have surged this year. But if next year is a big year for global investments and a bad year for the U.S.? Well, going forward FNMIX could be the best Fidelity fund to put in your portfolio right now.

All this is a long way of saying that what’s hot now may not be hot tomorrow – so investors need to do more than just look at performance or assets alone when picking the best Fidelity funds for their portfolio.

So to help, here’s a list of 5 top Fidelity investments for long-term portfolios:


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/best-fidelity-funds-contrafund-flpsx/.

©2016 InvestorPlace Media, LLC

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