Fidelity Investments?

Question

I am a new hire out of college and my company sent me a letter saying that my retirement contributions will be going into the "Vang Target Ret 2050" fund through Fidelity.

Is this a recommended fund to use?

Thanks

Answer 1

Fidelity has been around for a long time and they enjoy a very fine, well earned reputation.

Fidelity is considered to be one of the better investment companies.

Your firm may have an agreement with Fidelity to handle your retirement account, if they do you may have to buy Fidelity products, which is not a bad thing

You can go to Morning Star which is a rating service specializing in mutual funds (

http://www.morningstar.com/ ) and see how they rate the fund. Regardless, Fidelity is top shelf

Answer 2

target funds are an ok part to have in your retirement.  Problem is that they rebalance according to why they think your risk tolerance should be, not what it is.  So as you age, it will become more conservative.  Not necessarily what you want to do.

But as I said, a good piece to have in your retirement.  See what other options you have.

Answer 3

Fidelity has hundreds of their own funds and they sell many other funds like Vanguard. Fidelity is a discount online broker as well. Research the Vanguard fund to see what   it invests in. With current outlook I would say there are few sectors that look good except for coal, trains and wind power, commodities and gold. All the other sectors are going to crash.