7 Best Fidelity Mutual Funds (2024)

FAQs

Which Fidelity fund has the highest return? ›

Fidelity offers a variety of mutual funds with low fees and boasts a long history of success in the industry. In business for over 75 years, Fidelity ranks as one of the larger players in the market, with 40.9 million investors and $10.3 trillion in assets under management, as of Dec. 31, 2022.

Fidelity Investment's flagship FXAIX fund remains one of the most popular S&P 500 index funds among U.S. investors, and for good reason. With a 0.015% expense ratio, or just $1.50 in fees for a $10,000 investment, this fund offers extraordinary value.

Individual stocks

Stocks offer the biggest potential return on your investment while exposing your money to the highest level of volatility.

In fact, Fidelity is our overall pick for the best online broker in 2022, so it is very hard to beat. All that said, Vanguard still offers some of the lowest-cost funds in the industry and will appeal to buy-and-hold investors, retirement savers, and investors who want access to professional advice.

Money market mutual funds = lowest returns, lowest risk

They are considered one of the safest investments you can make. Money market funds are used by investors who want to protect their retirement savings but still earn some interest — often between 1% and 3% a year. (Learn more about money market funds.)

Cons Explained

No access to futures, commodities, or crypto trading: Fidelity does not support trading in futures, options on futures, commodities, currencies, or cryptocurrencies, even though you can exchange currencies on the platform.

Fidelity Brokerage: Attribute Rankings

Fidelity ranked third on five other attributes in IBD's 2023 Best Online Brokers ranking: customer service, mobile trading platform/apps, portfolio analysis & reports, site performance and timely information on market shifts.

Who owns most of Fidelity? ›

As of the end of February 2023, Schwab has over 34 million active brokerage accounts and $7.38 trillion in customer assets. 2 Fidelity is larger still, with about 40.9 million individual investors and $10.3 trillion in total customer assets as of December 31st, 2022.

Select Accounts & Trade > Trade. If you have more than one eligible brokerage or mutual fund account, select the account in which you want to buy the fund. Click Trade Mutual Funds. Click "Buy a mutual fund," then click Continue.

Fidelity® 500 Index Fund is a diversified domestic large-cap equity strategy that seeks to closely track the returns and characteristics of the S&P 500® index.

Ideally, 6 to 8 funds are good enough to build your MF portfolio. As the size of the portfolio increases, you may invest in a maximum of 10 funds to reduce the risk of being overdependent on any particular fund or fund house. However, the funds you are investing in are across equity, debt and hybrid categories.

A good return on investment is generally considered to be about 7% per year, based on the average historic return of the S&P 500 index, and adjusting for inflation.

Generally speaking, if you're estimating how much your stock-market investment will return over time, we suggest using an average annual return of 6% and understanding that you'll experience down years as well as up years.

What are the safest types of investments? U.S. Treasury securities, money market mutual funds and high-yield savings accounts are considered by most experts to be the safest types of investments available.

Most of our experts agree that one of the safest places to keep your money is in a savings account insured by the Federal Deposit Insurance Corporation (FDIC). “High-yield savings accounts are an excellent option for those looking to keep their retirement savings safe.

How can I double my money without risk? ›

How Fidelity makes money. Fidelity makes money from interest on cash held in custody for clients, stock loans to short-sellers, and portfolio margining.

Fidelity and Vanguard both do a good job keeping costs fairly low, but Fidelity has a slight edge overall. Both brokers charge zero commission for stock and ETF trades, but Fidelity charges $0.65 per contract on options trades, while Vanguard charges $1 per contract for customers with less than $1 million in assets.

Bottom Line. Overall, Vanguard and Fidelity are both great choices for those interested in investing. They offer a wide range of investment options, low costs, and hands-off or active management depending on your preference. When it comes to index funds, Vanguard is hard to beat, with hundreds of low-cost options.

ETFs can be more tax-efficient than actively managed funds due to lower turnover and fewer capital gains. ETFs are bought and sold on an exchange at different prices throughout the day while mutual funds can be bought or sold only once a day at one price.

Based on the latest financial disclosure, Fidelity National Information has a Probability Of Bankruptcy of 34.0%.

With our Customer Protection Guarantee, we reimburse you for losses from unauthorized activity in your accounts. We also participate in asset protection programs such as FDIC and SIPC to help provide the best service possible. See our protection guarantee and account coverage.

The audiophile vinyl community was upended during the summer of 2022 with the reported revelations that Mobile Fidelity concealed it had been releasing records that used digital source materials, despite leaving the impression with purchasers they were buying an all-analog premium product, typically priced at $125, ...

What brokerage firms do billionaires use? Many very wealthy individuals use the top brokerage firms, such as Fidelity, Schwab, Vanguard, and TD Ameritrade, among others. They invest in private equity and hedge funds.

What company owns Fidelity? ›

It was absorbed in 1988 in the biggest U.S. bank merger up to that point, and is today part of Wells Fargo.

Fidelity Investments is owned by privately held FMR LLC, which is controlled by the Johnson family.

Because Fidelity Bank & Trust is regulated and insured by the FDIC, our customers are FDIC insured up to $250,000.00 per depositor per account ownership category. We have been in operation since 1910, are financially sound, and have grown from year to year.

The Fidelity^® Debit Card is issued by PNC Bank, N.A., and the debit card program is administered by BNY Mellon Investment Servicing Trust Company.

While there are many brokerage houses in the United States, the largest are companies like Charles Schwab and Fidelity. These are huge asset managers with millions of customers investing assets worth hundreds of billions of dollars.

Fidelity's strengths were apparent in its company's annual earnings report released late Wednesday showing the firm had pretax operating profit of $8 billion in 2022, $10.3 trillion of assets under administration, and $3.9 trillion of discretionary assets including mutual funds.

Fidelity – Best Broker Overall. TD Ameritrade – Best Trading Platform. Charles Schwab – Best Broker for Retirement. Vanguard – Best Broker for Low-Cost, Passive Investing.

Fidelity Fund Management Private Limited will be now known as FIL Fund Management Private Limited.

When Dave looks for mutual funds to invest in, he looks for funds with a long track record (at least 10 years) of strong returns that consistently outperform the S&P 500. They're out there! Choosing the right mutual funds can go a long way in helping you reach your retirement goals and stay away from risk.

How do I choose a good mutual fund? ›

Experts agree that for most personal investors, a portfolio comprising 5 to 10 ETFs is perfect in terms of diversification. But the number of ETFs is not what you should be looking at. Rather, you should consider the number of different sources of risk you are getting with those ETFs.

Fidelity 500 Index Fund (FXAIX)

Fidelity's S&P 500 index fund is the least expensive offering on our list, charging a miniscule annual expense ratio of 0.015%. FXAIX posts returns that have historically outperformed its benchmark index, and it offers a dividend yield that's pretty competitive.

The bottom line: Fidelity offers $0 trading commissions, a selection of more than 3,300 no-transaction-fee mutual funds and top-notch research tools and mobile platform. Its zero-fee index funds and strong customer service reputation are just icing on the cake.

The 90/10 rule in investing is a comment made by Warren Buffett regarding asset allocation. The rule stipulates investing 90% of one's investment capital towards low-cost stock-based index funds and the remainder 10% to short-term government bonds.

Diversified management investment companies have assets that fall within the 75-5-10 rule. A 75-5-10 diversified management investment company will have 75% of its assets in other issuers and cash, no more than 5% of assets in any one company, and no more than 10% ownership of any company's outstanding voting stock.

As adopted in 2001, the Names Rule requires a fund with a name that suggests investment in certain types of investments, industries, countries, or geographical regions to adopt an 80% Policy to invest, under normal circ*mstances, at least 80% of the value of its net assets, plus the amount of any borrowings for ...

The average Fidelity Investments salary ranges from approximately $47,500 per year for Entry Level Customer Service Representative to $159,044 per year for Vice President. Average Fidelity Investments hourly pay ranges from approximately $13.42 per hour for Warehouse Technician to $100 per hour for Manager.

The chart also shows how each investment mix performed over a long period of time, in different markets. The average return: 5.75% for the conservative vs. 9.45% for the aggressive mix. Sign up for Fidelity Viewpoints weekly email for our latest insights.

What is the best total market index fund for Fidelity? ›

Our recommendation for the best overall total stock market index fund is the Fidelity Total Market Index Fund (FSKAX). While this fund does not have the lowest expense ratio like Fidelity's Zero series of funds, it comes close at 0.015%. A $10,000 investment equals around $1.50 in annual fees.

Average Fidelity Investments Financial Advisor yearly pay in the United States is approximately $70,297, which is 8% below the national average.

Fidelity Investments L6 Software Engineer Salary | $150K-$198K+ | Levels. fyi.

The average salary for a High Net Worth Service Associate is $62,757 per year in United States, which is 36% lower than the average Fidelity Investments salary of $99,204 per year for this job.

The Roth IRA five-year rule says you cannot withdraw earnings tax-free until it's been at least five years since you first contributed to a Roth IRA account. This five-year rule applies to everyone who contributes to a Roth IRA, whether they're 59 ½ or 105 years old.

Go to Fidelity.com or call 800-343-3548. Use this form to request a return of an excess contribution made to your Traditional, Rollover, or Roth IRA; or an excess direct rollover to an Inherited IRA or Inherited Roth IRA.

Fidelity Brokerage: Attribute Rankings

Fidelity ranked third on five other attributes in IBD's 2023 Best Online Brokers ranking: customer service, mobile trading platform/apps, portfolio analysis & reports, site performance and timely information on market shifts.

High turnover rate. Benefits are slightly above average, just as good as all other big companies.

Is Vanguard or Fidelity index funds better? ›

Bottom Line. Overall, Vanguard and Fidelity are both great choices for those interested in investing. They offer a wide range of investment options, low costs, and hands-off or active management depending on your preference. When it comes to index funds, Vanguard is hard to beat, with hundreds of low-cost options.

Fidelity® Total Market Index Fund is a diversified domestic all-cap equity strategy that seeks to closely track the aggregate returns and characteristics of the Dow Jones U.S. Total Stock Market IndexSM.