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Started By
Message
Fidelity’s Blue Chip Growth fund - FBGRX — yes or no?
Posted on 8/4/20 at 4:44 am
Posted on 8/4/20 at 4:44 am
Looking to increase non-retirement investing and I’m looking hard at this fund. Its returns are great but the expense is .8%. That’s a little high in my opinion but the returns should more than compensate for that each year on average.
Before I jump in, what are the thoughts of those on this board?
Before I jump in, what are the thoughts of those on this board?
9
Posted on 8/4/20 at 5:36 am to TDsngumbo
I have it, along with other fidelity funds. Up 40% since I've had it....bout 4 yrs.
Posted on 8/4/20 at 5:36 am to TDsngumbo
20% a year since its inception. There aren't many funds better.
Posted on 8/4/20 at 6:02 am to Gauxt
Yea, I’m pretty sure I’m buying it today. It’s very attractive and now that my family has recently grown yet again, I need to start getting more serious about saving/investing.
Posted on 8/4/20 at 6:19 am to TDsngumbo
I’ve held money in several Fidelity growth funds that had similar expense ratios - FFIDX, FBSOX, FBIOX. I believe the ratios on all of those are above .5 and under 1 without looking. All have performed really well and the returns have more than offset the expense ratio. If you’re worried about expense ratio, Fidelity and Vanguard have some very good index options with lower expense ratios (.2 or .3) that still offer solid growth opportunity without the management fees.
Posted on 8/4/20 at 7:11 am to Enos Burdette
Had a lot of there funds over the years till I retired. Always did a fair return. 
As a young person, I would invest in them again.
As a young person, I would invest in them again.Posted on 8/4/20 at 7:40 am to fishfighter
Just put a buy order in for it. Research everywhere else online is one thing but to have the almighty Money Talk’s approval is another 
Seriously though, thank you to those responding. I already was about 99% sure I was going to start investing in it but still wanted the opinion of some here.
Seriously though, thank you to those responding. I already was about 99% sure I was going to start investing in it but still wanted the opinion of some here.
Posted on 8/4/20 at 9:21 am to TDsngumbo
One thing to potentially highlight is that 45% of the fund's assets are in the top 10 holdings. And these are the same big names as the SP500 - all the "FAANG" stocks covered in the top 5 except sub Microsoft for Netflix.
Are you comfortable with that level of concentration? (Yes, these stocks have crushed it for years).
What are you getting for the 0.8% fee that you aren't getting in a SP500 ETF at maybe .05%? Looks like the top holdings line up pretty close.
Just some food for thought.
Are you comfortable with that level of concentration? (Yes, these stocks have crushed it for years).
What are you getting for the 0.8% fee that you aren't getting in a SP500 ETF at maybe .05%? Looks like the top holdings line up pretty close.
Just some food for thought.
Posted on 8/4/20 at 9:45 am to TDsngumbo
I've gotten a 50% return on FOCPX.
Posted on 8/4/20 at 11:38 am to TDsngumbo
Amazon.com Inc AMZN 8.07%
Apple Inc AAPL 7.81%
Microsoft Corp MSFT 6.81%
Alphabet Inc A GOOGL 4.74%
Facebook Inc A FB 3.87%
NVIDIA Corp NVDA 3.42%
Marvell Technology Group Ltd MRVL 2.85%
Tesla Inc TSLA 2.73%
Salesforce.com Inc CRM 2.62%
Visa Inc Class A V 2.37%
Over 45% in the top 10 holdings, not much diversification. Why waste the .8% return?
EDIT, just saw the post above... exactly my thoughts.
Apple Inc AAPL 7.81%
Microsoft Corp MSFT 6.81%
Alphabet Inc A GOOGL 4.74%
Facebook Inc A FB 3.87%
NVIDIA Corp NVDA 3.42%
Marvell Technology Group Ltd MRVL 2.85%
Tesla Inc TSLA 2.73%
Salesforce.com Inc CRM 2.62%
Visa Inc Class A V 2.37%
Over 45% in the top 10 holdings, not much diversification. Why waste the .8% return?
EDIT, just saw the post above... exactly my thoughts.
quote:
What are you getting for the 0.8% fee that you aren't getting in a SP500 ETF at maybe .05%? Looks like the top holdings line up pretty close.
This post was edited on 8/4/20 at 11:44 am
Posted on 8/4/20 at 11:56 am to UltimaParadox
I have had it and FCNTX for at least 20 years... it's a set and forget.
Posted on 8/4/20 at 12:25 pm to natsoundup
I went with FXAIX, exp ratio is .015%
Posted on 8/4/20 at 12:51 pm to TDsngumbo
It's been my best this year(I'm new) with Contrafund being second.
Posted on 8/4/20 at 1:43 pm to AlxTgr
Like I said earlier...set and forget... add when you can. Remember fees are net of actual performance... so they really mean nothing.
Posted on 8/4/20 at 2:00 pm to natsoundup
quote:
fees are net of actual performance... so they really mean nothing
If a fund outperforms the market (or whatever index is the benchmark) by an amount greater than its fee, then the fee was worth it. If it doesn't, then the fee hurts your performance. Perhaps I am not understanding your point, but to say the fees mean nothing is very misleading. They collect that fee regardless of how the fund performs.
Posted on 8/4/20 at 2:17 pm to Negatiger1986
quote:
If a fund outperforms the market (or whatever index is the benchmark) by an amount greater than its fee, then the fee was worth it. If it doesn't, then the fee hurts your performance. Perhaps I am not understanding your point, but to say the fees mean nothing is very misleading. They collect that fee regardless of how the fund performs.
Pardon my ignorance but how is the fee applied?
Is it a yearly fee based on the value of the holding or is the fee only taken when the fund is bought?
Posted on 8/4/20 at 2:27 pm to Negatiger1986
I should clarify... in the case of FCNTX or or Blue Chip Growth... the fee really means nothing based on their historical performance.. paying a .5 fee when you are consistently getting 15-17% percent returns is really moot. If you were getting 5% returns... then a fee matters...
Posted on 8/4/20 at 2:40 pm to natsoundup
quote:
so they really mean nothing
High fees are the enemy of investors. Over many years 0.5% is pretty large.
Investopedia Article on Fees
Especially when you can get simliar funds for less expense. Look at FTEC... It has outperformed FBGRX at only 0.08 expense
Posted on 8/4/20 at 5:08 pm to TDsngumbo
You know the returns include the fees right? So if the returns are great And looks like a solid fund then do it. Don’t get too caught up in fees.
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