Fido Foreign Large Growth - FIGFX or FOSFX (poll)

[chang]

In the homestretch now of my plan to fiddle and twiddle things, get rid of VWILX and replace with a Fido fund in my Fido IRA.

I've looked at these two (and also FIVFX) every which way, and except for being slightly expensive, they look like good funds. They kill the category ETF JIG.

Polling the audience is always a good idea; like in the Millionaire show, the law of large numbers works to your advantage. So, if you have an opinion, please cast a vote. TIA.

FYI, both managers are long tenured (>15 years) and have > $1M of their money in their fund.

[graust]

They both look similar….and hold some strong overseas stocks in their top 10. FOSFX has financials, industrials, and tech weighted about evenly. FIGFX has tech and industrials….I think you would be fine with either fund. FIGFX has the best LT (like WAAAY long term) record. For what that’s worth.

[Norbert]

Tough call. I prefer the FOSGX stock earnings stats and valuations per M*, but FISGX has outperformed. Both are LG, but FISGX is a little "growthier".

Maybe buy them both, 50% each?

[chang]

Thanks guys … you’re a bit late, I picked up FOSFX a couple days ago. Probably a toss up between two good funds.

[graust]

My favorite part about Fido funds is that you can sell if you have “regerts” without a fee…I wanted QQQ-exposure in a mutual fund only account, but went with FBGRX bc of that fact (instead of a QQQ mutual fund).

[anitya]

graust ,

I agree no fees but not without consequences. Please remind us about FIDO’s frequent trading restriction policy as it relates to Fido funds. A

[graust]

anitya

Good point about there still being rules….those are mostly for round trips or multiple buy in/sell out, then buy in/sell out. Most of the time if I buy the wrong thing, I sell out and don’t look back (for good or for ill! Haha). I think maybe they are 30 day restrictions after a round trip transaction on a fund? Yes, looked it up and it’s 30 days. I’m sure Fido would restrict your account if you did this multiple times even waiting the 30 days (FD, as an example, is banned from trading certain funds from certain families…so maybe?).

I am thinking more of being less restrictive in case I need to sell out and go to cash/bonds if the market goes to $hit later this year (one person I follow thinks that will happen—huge market crash—after a melt up of another 500-1,000 points on the S&P by this summer…who actually knows though?). At some point the Mag7 trade will peter out.

[anitya]

graust,

I know the feeling about buying the wrong things. I have a poor memory for things I should not buy. I bought the same ETF and sold within a short time three times in the past six months, the last time sold in less than 24 hours. Bad habits are so difficult to overcome. Reading Buffett’s letter made me feel better that we are not alone in suffering this human condition.

[chang]

Feb 24, 2024 21:12:09 GMT anitya said:

graust ,

I agree no fees but not without consequences. Please remind us about FIDO’s frequent trading restriction policy as it relates to Fido funds. A

Fidelity's Excessive Trading Policy