The Stability of Fidelity Mutual Funds
Fidelity is a privately owned company, controlled mostly by the Johnson family, and was founded in 1943. Fidelity offers more than three hundred mutual funds, which are possibly the most established and commonly known mutual funds available to investors. Fidelity offers many different types of mutual funds, both high and low risk, both load and no load. Fidelity mutual funds have been the most innovative over the years. Fidelity mutual funds were the first to allow investors to write checks on their mutual funds investments. Fidelity mutual funds were also the first to be sold through an 800 number. Fidelity was also the first manager to offer mutual funds that are income based and compiled of common stocks.
The most commonly known of the Fidelity mutual funds is the Magellan Fund. This mutual fund was established in 1963, and is known as one of the most successful mutual funds in the history of mutual fund investing. The Magellan Fund topped out at over one hundred billion dollars at its peak. Unfortunately, the fund closed to new investors in 1997.
The most commonly known Fidelity mutual funds include a low priced stock mutual fund that is perfect for beginning investors that do not have a lot of up front cash to invest. Index mutual funds are also available through Fidelity, are most other types of mutual funds. With over sixty years of prominence in the investment industry, Fidelity mutual funds offer the lowest risk, highest return mutual funds available.
Fidelity mutual funds are the most commonly known and invested, especially for the purpose of retirement funds. As one of the first mutual funds, Fidelity offers stability to investors, and a peace of mind knowing that their investment lies in capable, proven hands. With all of the mutual funds available through Fidelity, most investors can find Fidelity mutual funds that match their objectives, investment goals, and investment abilities.
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