What happened to the Fidelity growth&income fund FGRIX? It dropped 20% in one day.?

A class action lawsuit of a stock within the fund. People are trying to get out of this fund. Link shows that this fund is among the top funds of outflows.

WRONG answer!!!

This was caused by a capital gains distribution. no money was lost, it's similar in concept to a stock split (if you re-invest). Price decreases, but you get a distribution, or increase the # of shares. Report It

See........Even a Fund that is called SAFE by just about every Financial Advisor out there can get HIT Hard on the downside!

" Past performance is not a guarantee of future results" Be careful of taking on RISK. It is real and this just proves that bad things can hit even when you expect it least.

One of the stocks they had a large position in had an unexpected problem.

Put some of your money in a SAFE MONEY PLACE.......

Fixed Index Annuities..........Learn more about them here:

http://www.jdsannuities.com/index_annuit...

Is this long-term money?

In the worst case, would you need withdraw NO more than 10% or less of you account value each year?

Would you be interested in a vehicle that allows you to participate in an interest crediting method that is based on an Equity Market Index with a Cap to the upside in exchange for an account value that will NOT decline in value(Except for withdrawals you make)?

If you answered YES to all the above then you need to read further and get additional information and details because the following may be perfect for your situation:

Did I mention the Interest you earn is Tax Deferred?

http://www.jdsannuities.com/index_annuit...

Have fun reading, this will excite you.

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