Deleted
Deleted Member
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FLPSX?
Sept 12, 2023 1:09:35 GMT
Post by Deleted on Sept 12, 2023 1:09:35 GMT
Fidelity® Low-Priced Stock Fund - Mid-Cap Value - Rock star manager, highly rated fund, Fidelity Fund Pick.
I have a starter position in it for many years. Fund has lot of cap gains, which is bad as it is in taxable account for me.
It has very poor performance last 5 years.
Any reason to keep it? Or does anyone here even invest in it?
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FLPSX?
Sept 12, 2023 1:52:25 GMT
Post by yogibearbull on Sept 12, 2023 1:52:25 GMT
Its famous manager Tilinghast is retiring. Watch if you hold it. It is small/mid-cap, almost-global fund. It just had a HUGE distribution on 9/8/23 - some sites have yet to adjust their charts.
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Post by retiredat48 on Sept 12, 2023 15:49:51 GMT
All investors...considering investing your small cap type allocations into Exchange Traded Funds in taxable accounts. Why you ask? Because such funds usually pay little or no dividends (thus no divy tax) AND the ETF wrapper gets favorable IRS tax treatment of realizing minimal cap gains annually, thus do not pay out much cap gain annually, thus saving you in taxes. ETFs are like mini IRAs. Hold till you die and get a step up in basis, and no taxes.
R48
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FLPSX?
Sept 13, 2023 0:05:58 GMT
via mobile
Post by FD1000 on Sept 13, 2023 0:05:58 GMT
I don't base my trades on taxes. If I find a better fund I sell and pay the taxes. Most investors don't have enough money in taxable to see a stepped up upon death. Most of the ones who have more money saved it in deferred accounts. They are going to use their taxable accounts first in retirement and when it is gone they will use their deferred accounts. Only the millionairs, a small % of investors will have money in taxable when they will be gone.
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Deleted
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Post by Deleted on Sept 13, 2023 18:18:41 GMT
I don't base my trades on taxes. If I find a better fund I sell and pay the taxes. Most investors don't have enough money in taxable to see a stepped up upon death. Most of the ones who have more money saved it in deferred accounts. They are going to use their taxable accounts first in retirement and when it is gone they will use their deferred accounts. Only the millionairs, a small % of investors will have money in taxable when they will be gone. FD - I am in CA and in high tax bracket. So tax does matter for now. Even for long term cap gain, it is 23.8% + CA TAX |
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