Comments on: Fidelity to Reopen Magellan Fund to New Investors http://www.thesunsfinancialdiary.com/investing/fidelity-to-reopen-magellan-fund-to-new-investors/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Swamproothttp://www.thesunsfinancialdiary.com/investing/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-35221 Swamproot Thu, 17 Jan 2008 22:42:17 +0000 http://www.thesunsfinancialdiary.com/investing/mutual-fund/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-35221 "their total portfolio shouldn’t have lost anything because of it"Of course, that is in a retirement account only. Taxable investors would have lost some to the taxman. “their total portfolio shouldn’t have lost anything because of it”

Of course, that is in a retirement account only. Taxable investors would have lost some to the taxman.

]]> By: Swamproothttp://www.thesunsfinancialdiary.com/investing/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-35219 Swamproot Thu, 17 Jan 2008 22:37:31 +0000 http://www.thesunsfinancialdiary.com/investing/mutual-fund/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-35219 MBE, I wondered the same thing myself. But it turns out they did a big portfolio shuffling and had some unusually large capitol gains distributions at that time. The price reflects the amount that was paid out, and folks with their gains redistributed received extra shares to make up the difference so their total portfolio shouldn't have lost anything because of it.Something I recently learned about when I saw my yahoo finance portfolio drop like a rock when I had a lot of distributions in December. They dropped all right, but not as steeply as I had at first thought when it was happening. Oh, the things I learn when I actually pay attention. :-) MBE, I wondered the same thing myself. But it turns out they did a big portfolio shuffling and had some unusually large capitol gains distributions at that time. The price reflects the amount that was paid out, and folks with their gains redistributed received extra shares to make up the difference so their total portfolio shouldn’t have lost anything because of it.

Something I recently learned about when I saw my yahoo finance portfolio drop like a rock when I had a lot of distributions in December. They dropped all right, but not as steeply as I had at first thought when it was happening. Oh, the things I learn when I actually pay attention. :-)

]]> By: Mickey Blue Eyeshttp://www.thesunsfinancialdiary.com/investing/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-35193 Mickey Blue Eyes Thu, 17 Jan 2008 15:10:42 +0000 http://www.thesunsfinancialdiary.com/investing/mutual-fund/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-35193 My first question is, what happened in mid-2006 that resulted in a 20% immediate drop in the NAV? Other than that precipitous drop, the pattern seems to correlate with the S&P 500.It would certainly suck to have purchased shares only to watch the value drop 30% in a couple months. And it would certainly suck to have been invested for 10 years and break even. Unfortunately, the chart probably does not take into account reinvested distributions, so it may not have been as bad as "break even". My first question is, what happened in mid-2006 that resulted in a 20% immediate drop in the NAV? Other than that precipitous drop, the pattern seems to correlate with the S&P 500.

It would certainly suck to have purchased shares only to watch the value drop 30% in a couple months. And it would certainly suck to have been invested for 10 years and break even. Unfortunately, the chart probably does not take into account reinvested distributions, so it may not have been as bad as “break even”.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/investing/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-35136 Sun Thu, 17 Jan 2008 03:01:05 +0000 http://www.thesunsfinancialdiary.com/investing/mutual-fund/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-35136 Rev: According to Fidelity, 85% of the fund's assets were in retirement accounts. Since this fund has been around for a long time, the decline in assets of the fund could be the result that many have already started to withdraw their investments from the fund. Plus, since the fund has been closed to new investors for more than 10 years, the withdrawal rate must be much greater than the rate of new investments from existing investors. Rev: According to Fidelity, 85% of the fund’s assets were in retirement accounts. Since this fund has been around for a long time, the decline in assets of the fund could be the result that many have already started to withdraw their investments from the fund. Plus, since the fund has been closed to new investors for more than 10 years, the withdrawal rate must be much greater than the rate of new investments from existing investors.

]]> By: Mad Moneyhttp://www.thesunsfinancialdiary.com/investing/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-34995 Mad Money Wed, 16 Jan 2008 04:21:10 +0000 http://www.thesunsfinancialdiary.com/investing/mutual-fund/fidelity-to-reopen-magellan-fund-to-new-investors/#comment-34995 i think you also have to look that the fund is at a low and I would hope it only has room to go up... i think you also have to look that the fund is at a low and I would hope it only has room to go up…

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