Mutual Fund of the Week (FBGRX)

[oldskeet]

Why This $57B Fund Loves Amazon, Apple, and Lyft Stock

Taken from the article: "I often ask, ‘If a company were to disappear today, how much would I miss it?’ ” says Kalra, who started as an analyst at Fidelity in 1998 and in 2009 took the helm of the $57 billion Fidelity Blue Chip Growth fund (ticker: FBGRX). The fund is up 20.8% a year over the past decade, better than 94% of its Morningstar large-growth peers and two percentage points a year better than the Russell 1000 Growth index. It carries an expense ratio of 0.79%, average for its category."

www.barrons.com/articles/mutual-fund-amazon-apple-lyft-stock-51628083442

MarketWatch Fund Report: www.marketwatch.com/investing/fund/fbgrx

[jongaltiii]

Big fan of the fund. Have it in one of my ports. I don’t know that I like it more than FDGRX (closed) but choosing between the two is like choosing between Fido Puritan FPURX and FBALX Balanced. It’s near impossible. Good article /share. Interesting comment at the end of the Barrons story: 

“Based on the data, FBGRX did not beat the performance of the Russell 1000 for YTD, 3YR, & 10Yr performance. It also failed to beat the QQQ for YTD, 3Yr, 5Yr, & 10 yr performance. Follow the data points.”