FRIAX, I want to preserve capital, is this safe? Morningstar gives 5 stars, yet says hi yeild,hi risk...?

I am new and just hired a financial planner/investor. He put approx 1/4 of my money in FRIAX. I told him I am retired, fixed income, want to preserve capital and will take less money for more safe investments. Is this a good fund? Thanks for any help.

It has been quite a safe place for preserving capital... no matter what the risk rating is.... in 2002 when almost every fund lost their shirts..FRIAX dropped less than 1%...and has averaged about 13% in most other years...
This year " utilities" are going to be a safe harbor for lots of big, institutional money...FRIAX should do even better.

this fund is ok. It seems like he picked a conservative fund to fit your goals. You may want to try some close end funds also that trade on the exchange like stocks. many of them are currently trading at a discount with yield close to 12 percent. I like symbold edd, vta, exg to naem a few. If you would like a second experienced opinion email me @ kyle.freda@morganstanley.com I will be more then happy to speak further.

cheers

It does appear to be pretty decent ... should be noted that almost half the fund is bonds and half of the stocks are in the utility sector which won't make you rich but won't lose all your money either.

I dont know how much you need to live on but at 65 you have a 50/50 shot of making it to 90 ... you should try keep at least half your money in stocks, so inflation doesn't eat your savings away.

Five stars just means they rate it in the top 20% of its class. But the class itself may be high risk. All Morningstar ratings are relative ones within the class of the fund.