Fidelity Balanced Making A Comeback

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NewBoglehead 05-16-2008, 10:48 PM | Post #2518753 | 6 Replies

Nice to see FBALX in positive territory again YTD, for the first time in several months being down. i can look at my 401k again and smile.

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Re: Fidelity Balanced Making A Comeback

erryl

05-16-2008, 11:31 PM | Post #2518766

DODBX, which has probably been the best hybrid for the last decade, is still down about -1.5% YTD... so FBALX's performance is pretty good relative to DODBX.

My personal portfolio is now green by a couple % points (YAA!!!!!)... so I am beating both of them... and I am not a professional investor. They should be ashamed... and they wonder why so many investors are pulling their money.

In their defense, returns over a 5 month period are pretty much noise. Long term performance is much more important. I still think they should be doing better, though.

Market returns last year were pretty pathetic, too. I just keep trying to remember... any year you don't lose money is a pretty good year. I haven't had a truly bad year for a long time... a bad year is a double digit loss... it's possible!!

erryl

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Re: Fidelity Balanced Making A Comeback

maruyamakiyoshi 05-17-2008, 10:50 AM | Post #2518874

The week of May 12th was a great week for most investors, I imagine. I bet many now see that their portfolios are green if not yellow. The ports I oversee are all green this morning. Yes! FBALX has done well in the last 4 months. KM

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Re: Fidelity Balanced Making A Comeback

NewBoglehead 05-17-2008, 1:30 PM | Post #2518927

Erryl, I've been considering DODBX as a core fund for my taxable account. I kicked myself many times for getting closed out and look at the re-opening of the fund as an opportunity. While it's not specifically a tax-managed fund, the turnover is really low, making it more tax efficient than most active funds, esp. balanced funds. What are your thoughts? Thanks.

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Re: Fidelity Balanced Making A Comeback

marilynanded 05-17-2008, 1:30 PM | Post #2518928

It's always better when funds post returns, there is a lot of emotion that goes along with feeling "wealthier". Nothing wrong with that, it is very real. I have been buying this fund for awhile, during the time it wwas down I bought a little more, it was "on sale", a little idea I learned from Erryl. Congrats to all who are expericing positive returns, (we have just topped break even) you are beating the index.