Best Mutual Funds from Fidelity for Long-Term Investments (2023)

by | Sep 24, 2023 | Vanguard IRA | 24 comments

Best Mutual Funds from Fidelity for Long-Term Investments (2023)




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These Top 5 Fidelity mutual funds & ETFs are based on portfolio allocations that John Bogle (founder of Vanguard and creator of the first Index Fund) discusses in The Little Book of Common Sense Investing.

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• TIMESTAMPS •
00:00 Why Fidelity Mutual Funds?
01:45 Top 5 Index Funds
04:50 Growth Funds & Growth Stocks
07:55 Fidelity Freedom Funds

DISCLAIMER: Please note that I am not a financial advisor, and this content is not professional advice. These videos are for entertainment/educational purposes only.

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Investing in mutual funds can be a reliable way to build long-term wealth. When it comes to choosing the right fund, Fidelity Investments is a renowned company known for its expertise in the mutual fund industry. With a wide range of funds to choose from, it’s essential to consider funds that have a proven track record of delivering consistent returns while minimizing risks. Here are the top five Fidelity mutual funds to consider buying and holding in 2023.

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1. Fidelity Contrafund (FCNTX): This is one of the largest and most popular funds offered by Fidelity. Managed by Will Danoff since 1990, this fund has consistently outperformed its benchmark, the S&P 500 index, over the long term. The fund invests in both large and mid-cap companies, focusing on those with strong growth potential. With its diversified portfolio, FCNTX offers investors exposure to a wide range of industries, making it an excellent choice for a core holding in a portfolio.

2. Fidelity Select Technology Portfolio (FSPTX): Technology has been one of the best-performing sectors in recent years, and FSPTX provides investors with exposure to this high-growth industry. This fund primarily invests in companies involved in the development, manufacture, and sale of technology products and services. With holdings in industry giants such as Apple, Microsoft, and Alphabet, FSPTX has consistently delivered strong returns. As technology continues to advance, this fund offers investors an opportunity to benefit from the sector’s growth potential.

3. Fidelity Blue Chip Growth Fund (FBGRX): If you are looking for a fund focused on large-cap growth stocks, FBGRX is an excellent choice. Managed by Sonu Kalra, this fund invests in companies that are expected to experience above-average growth rates compared to the overall market. The portfolio comprises industry-leading companies such as Amazon, Facebook, and Visa. With its proven track record of delivering solid returns, FBGRX is a reliable option for investors seeking growth in their portfolio.

4. Fidelity Low-Priced Stock Fund (FLPSX): This fund has a unique investment approach, targeting undervalued stocks of smaller companies. Managed by Joel Tillinghast, FLPSX aims to identify companies with solid growth potential that may be overlooked by the market. Tillinghast’s extensive experience and disciplined investment strategy have allowed the fund to outperform its benchmark consistently. If you’re seeking exposure to smaller-cap stocks with growth potential, FLPSX is worth considering.

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5. Fidelity Dividend Growth Fund (FDGFX): For investors looking to generate income and benefit from capital appreciation, FDGFX is an excellent choice. This fund focuses on companies that have a history of increasing dividends over time. With a diverse portfolio of dividend-paying stocks, FDGFX provides investors with steady income and the potential for long-term capital appreciation. The fund is managed by a team of experienced portfolio managers who utilize a disciplined and research-intensive investment process.

When it comes to investing in mutual funds, it’s crucial to assess your financial goals, risk tolerance, and investment timeframe. The five Fidelity mutual funds mentioned provide excellent options for investors seeking growth, income, and diversification. However, it’s always essential to conduct thorough research and consult with a financial advisor before making any investment decisions.

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24 Comments

  1. Arvabelle

    Visit https://fool.com/arvabelle to access a special offer for new members for The Motley Fool’s top stock-picking service and start the journey to hopefully living smarter, happier, and richer.
    Also typo/misspoke – FXAIX is the symbol for the Fidelity 500 Index Fund

  2. J L

    Fidelity is becoming the new Vanguard, enough said.

  3. Stoic Army

    You are using mutual fund term but showing index funds. I am confused?

  4. postal man

    We talking index funds or mutual funds? Can't be using it interchangeably

  5. Mo

    A good start to fidelity funds but compare expense ratios with the zero (no fee) funds. Good info. Thanks.

  6. Roland C. Jackson

    Great content, I am new to investments, I have always saved my money in the bank, Recently I came across a saying which says money saved will be spent, so I decided to start investing, I want to begin my retirement plan as soon as possible. I really do not know much. Please how do I begin? what do I do?

  7. Roland C. Jackson

    I was told Roth IRA is one of the best when it comes to retirement plans but I am yet to try it out, I know a few online investments and trading, I will like to start my retirement before this month ends, Please is there any advice you can give to me on how to begin? I am new to all these.

  8. Fonso Flo

    Vanguard has mutual funds also

  9. Peaceful4You

    FSPTX is a really good one.

  10. RxnDntCare

    Is Fselx good?

  11. إبراهيم_ibrahim

    I purchased fidelity funds for 13.886 usdt how do I get a refund because I made the wrong purchase

  12. LJ

    thank you so much !

  13. Neil Desposito

    Thanks for all the important information, it would help your viewers if you mentioned,what the fee’s are to the funds your Recomended .

  14. vince cochlin

    I live in Hong Kong and Fidelity International here , do not do index funds , only mutual funds. Management fees minimum 1% up.. terrible !
    Vanguard has moved out of Hong Kong also .

  15. CB BOIII

    Guys pay attention, this is what wife material look like

  16. Eduardo Garcia

    Investing in the S&P 500 and the total stock market is double dipping into the SP500 since the total stock market fund already includes the S&P 500. I would do FXAIX + FSMAX or just the Total Stock Market fund.

  17. Sri G

    Nice one! Do you have a video of your portfolio breakdown?

  18. Khan Pop Puzzle

    I have 99% funny money, and 1% index fund.

  19. KAKA

    Can I ask u a quick question? I have $1300 cash settled in my fidelity and I bought a stock "abc" for  $1000 on Friday morning.  Can I sell it immediately on Monday and not violating good faith rule or free ride violation or any rule on fidelity?  Do I violate t+2 rule if I sold my stock on monday and don't buy any stocks for the next 3 days?  I heard  that if I bought my stock with my cash settled available on the spot, I can sell my stock "abc" the next day and I don't have to follow t+2 day if I don't buy any stocks after 3 days once I sell my stock "abc" on Monday? The t+2 rule only applies to buyer who don't have exactly cash settles in their account when they buy a stock? I did not violate free ride violation rule also because I had $1500 in my cash account to settle for this stock on Friday, right?

  20. Mohamed Krar

    Please, I am a foreigner and do not live in USA what would be the best account type …. Can I apply for Roth IRS.

  21. shabba360

    Those freedom funds are simple to use but come with higher fees. Just somethings to consider.

  22. Joey Carlyle

    Fidelity Select Health Care Portfolio fund has had a great run. I prefer the Fidelity Healthcare ETF since the fees are lower, but the healthcare fund has had an impressive run since it's inception in 1981.

  23. J&N lanka

    Good video
    keep it up

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