Localfund.com - All about Fund and Investment
*Home>>>Fidelity Investment

Advice on Fidelity 401k investments?


Hello,

I'm 30 y/o and have only ~$15,000 in my new Fidelity 401k (which I'm not familiar with it at all). Any advice is appreciated. Thanks in advance.

FYI, this is my current approx investment %:
30% FID CONTRAFUND (FCNTX)
20% FID DISCIPLINED EQTY (FDEQX)
10% FID CANADA (FICDX)
20% FID DIVERSIFIED INTL (FDIVX)
10% FID INTL DISCOVERY (FIGRX)
10% FID SOUTHEAST ASIA (FSEAX)

I'm contributing as much as my employer matches. So $300+300=$600/month

It looks like a great portfolio for a 30 year old and current market situations....
Definitely lucky to get into Contrafund and Diversified Int...
even you make moves in thge future, always leave something in them...
Southeast Asia was a " screamer" but has really fallen on bad times...you might have enough Asia/China exposure in FDIVX and FIGRX... I might switch that FSEAX to either more Canada ( mostly " energy" ...don't see anything in the future to weaken THAT!)....or go with FLATX if they offer it...it's a real growth story for a few years to come...loaded with the natural resources and oil that other markets are buying and the population is sharing in that wealth and becoming fantastic consumer/spenders !!
Good luck...keep your eye on things...but you should be good with the " foreign exposure" for at least 3 to 5 more years...( and you may have more than a " double" by then..nice start to the " nest-egg")
P.S. No way of knowing what funds your Fido plan offers... but don't be afraid to venture small percentages in " sector funds" if they offer their complete line... Real Estate will turn around in a while and when it does FRESX is a good one...or you could go " energy" with FSENX,FSESX or FNARX......All have treated my family's IRAs well.

Nice diversification--$15K is an excellent start. Go to your employer and ask for a questionnaire to assess your personal risk tolerance. There are millions of tools out there, but I know that Fidelity provides them for their clients.
This questionnaire takes only a few minutes and will help you to make sure you've split your money in a way that will be suitable for your personal needs and preferences.
Take the questionnaire once a year (if not more) to make sure your changing needs (income variance, cost of living, marriage, family, etc.) are continuing to be met.
Also, find out if your employer is contributing to the plan on your behalf through matching and/or profit sharing and be sure to maximize what you get from them.

Good luck!

International exposure is good, but you have 1/2 of your funds overseas. I usually recommend 20%. Contrafund is one of the best and is closed to new investors, so good for you! Diversified International is the best of the internationals and also closed to new investors, so definitely keep that one.

Stick with funds that are rated 5 stars by Morningstar. Fidelity.com has an excellent research engine that will allow you to look at your funds, their performance, and what are the top stocks that they own.

You're doing great---I would just say take a little off the international table.

Tags
  Fund Management   Forex   Foreign Investment   Financial Investment   Fidelity Investment   Fidelity Fund   Exchange Traded Funds   Equity Investment
Related information
  • I just sold stocks through Fidelity Investments. Do they send me a check and how long does it take?

    You must have set up a brokerage account in order to be able to buy and sell shares. In doing so, you also have a money market account. The proceeds from the sale of your 12 shares will be put in...

  • ONLINE brokerage account, which website do you recommend for a beginner? Fidelity, Zecco, Ameritrade, Etrade?

    Schwab , Do your homework on Yahoo finance , (fast , free and all the pertinent data plus you can have hypothetical portfolios there ) . Make sure to use the key sta...

  • Is Fidelity Investments a good choice for financial planning services and managing assets?

    yes they are one of the top firms!!! myself i use edwards jones because they have local office state wide!!!

    ...
  • Does Paul McCartney's endorsement make you want to invest money with Fidelity Investments?

    Nope. Sure doesn't!

    ...
  • I'm thinking of starting a ROTH IRA with fidelity investments because i read that they have low charge rate...

    Not necessarily. On average, funds with lower expenses do perform as well, before expenses, as funds with higher expenses perform, before expenses, which suggests that the funds with lower expense...

  • Is it better to open an investment account with your commercial bank or with an investment firm?

    I understand that you may feel some loyalty to your savings bank, however, I feel that an investment firm would be the better choice because they are professionals that specialize in investments ...

  • Biggest investment risk in emerging markets.?

    Political risk.

    ...
  • 401(K) investments with fidelity- need advice?

    There's always a tradeoff between risk and returns. 10% is a high return, and thus will require a high level of risk. No investment I'm aware of returns a consistent 10% year after year...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster