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Started By
Message
Growth fund
Posted on 12/21/20 at 3:38 pm
Posted on 12/21/20 at 3:38 pm
I need to invest $21,000 in my SEP IRA this year. My last couple years contributions have gone to TRP growth (PRGFX) and done well. Is there any other others out there I should consider? Vanguard or Fidelity?
I’m 33 so figured dumping into growth funds at this age won’t necessarily hurt me.
I believe I need to stay from individual securities.
Eta: should I be mostly in “growth” index funds at my age and transition into safer things down the road?
I’m 33 so figured dumping into growth funds at this age won’t necessarily hurt me.
I believe I need to stay from individual securities.
Eta: should I be mostly in “growth” index funds at my age and transition into safer things down the road?
This post was edited on 12/21/20 at 5:34 pm
4
Posted on 12/21/20 at 3:51 pm to brightside878
FBGRX is doing very well in fidelity.
I'm in FLGEX and i have no complaints.
I'm in FLGEX and i have no complaints.
Posted on 12/21/20 at 4:48 pm to brightside878
Fidelity Growth Company (FDGRX) has been a great fund for me for many years.
This post was edited on 12/21/20 at 4:50 pm
Posted on 12/21/20 at 7:44 pm to jsk020
I like FBCG
Posted on 12/22/20 at 6:33 am to fallguy_1978
quote:
Fidelity Growth Company (FDGRX
Pretty sure this is closed to new investors.
Posted on 12/22/20 at 6:49 am to Big_Sur
I put $5,000 in Fidelity Blue Chip Growth in about 1995 and let it ride with dividends reinvested. It’s grown to more than $69,000 as of last weekend.
Past performance is no guarantee of future results.
Past performance is no guarantee of future results.
Posted on 12/22/20 at 7:21 am to Twenty 49
So you’ve averaged a 50% annual return for 25 years?
Posted on 12/22/20 at 8:24 am to tigersfan1989
quote:
So you’ve averaged a 50% annual return for 25 years?
I don't know the figures, but dividend reinvestment is responsible for much of the growth.
It's been up and down, but I've never added a penny other than automatic reinvestments.
It's also had a huge total return this year of 53.25%, plus over 30% last year, which helped a lot.
quote:
Reinvesting dividends is one of the most powerful tools available for boosting returns over time.
...
In percentage terms, it’s the difference between your money growing by 323%, without dividends reinvested, or 640% with dividends reinvested, nearly twice as much.
LINK
Posted on 12/22/20 at 9:05 am to jsk020
quote:
Pretty sure this is closed to new investors.
Maybe so. It's an option in my 401k and has been by far my best fund.
Posted on 12/22/20 at 9:47 am to Twenty 49
Thanks for the responses.
Am I on the right track in buying index/mutual funds over individual stocks for long term holds?
Obviously sticking to the consistent performers with the lowest fees
Am I on the right track in buying index/mutual funds over individual stocks for long term holds?
Obviously sticking to the consistent performers with the lowest fees
Posted on 12/22/20 at 10:07 am to tigersfan1989
I am curious as to how you computed the return of $5000 resulting in a $69000 balance in 25 years as a 50%?????
I say it is a 11% return.
I say it is a 11% return.
Posted on 12/22/20 at 11:16 am to JDGTiger
64k growth off of 5k. 64/5 is 1,280% total return divided by 25 years = 52%. What am I missing?
This post was edited on 12/22/20 at 11:18 am
Posted on 12/22/20 at 11:21 am to tigersfan1989
quote:
What am I missing?
Basic knowledge of time value of money???
$5000 invested at 52% would be $175,816,529.43 after 25 years.
This post was edited on 12/22/20 at 11:27 am
Posted on 12/22/20 at 11:25 am to JDGTiger
Ok I’m not putting in compounded returns
Posted on 12/22/20 at 11:28 am to tigersfan1989
It is 11%.
Investopedia ha? some great resources. Here is good article on this subject. LINK
Investopedia ha? some great resources. Here is good article on this subject. LINK
This post was edited on 12/22/20 at 11:39 am
Posted on 12/22/20 at 11:50 pm to Twenty 49
quote:
I put $5,000 in Fidelity Blue Chip Growth in about 1995 and let it ride with dividends reinvested. It’s grown to more than $69,000 as of last weekend.
Yep Fidelity Blue Chip is a winner all day
Posted on 12/23/20 at 7:34 am to brightside878
BGSAX. Black rock has been awesome
BFOCX is another great one and it’s a Berkshire Hathaway fund. Sleep well knowing your money is with them
FSPTX I had for years and has been great moved most funds months ago to the 2 listed above as their returns are better but I’ve still made awesome returns on it for years.
I just moved some funds into this one it’s at 125% ytd.... MSEGX. Want to see if it will continue to outpace the first 2 I listed that I’m in. The first 2 I listed are around 90% ytd so not to shabby.
BFOCX is another great one and it’s a Berkshire Hathaway fund. Sleep well knowing your money is with them
FSPTX I had for years and has been great moved most funds months ago to the 2 listed above as their returns are better but I’ve still made awesome returns on it for years.
I just moved some funds into this one it’s at 125% ytd.... MSEGX. Want to see if it will continue to outpace the first 2 I listed that I’m in. The first 2 I listed are around 90% ytd so not to shabby.
Posted on 12/23/20 at 7:36 am to brightside878
Arkk, Arkw, ArkQ, fidelity blue chip growth fund. I dollar cost average into all of those whenever I can
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