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Fidelity Asset Manager
Old 02-19-2017, 07:21 PM   #1
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Fidelity Asset Manager

FTANX- any opinions? I have money there and haven't touched it in a few years. It's a traditional IRA. 40% stocks. Retired 2 years ago, age 61. Curious what you think of this MF and why. Thank you
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Old 02-19-2017, 07:49 PM   #2
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I think it is too conservative for me. It does try to provide a more world allocation compared to say VWELX which is US only and about 60% stocks. But VWELX has much better performance.
It might be more fruitful to explain what you are trying to do with this fund and see what others might recommend and how it is different from this fund.
I had to look it up because its not on my radar. We are talking a 3 star fund
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Old 02-19-2017, 08:12 PM   #3
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We retired early and took our 401K and rolled it into this account. We wanted to go with Fidelity as we already had a Vanguard Wellsley account. We also have CD ladders and enough cash until we start SS, probably in 3 years. We do not have pensions, therefore, we wanted to keep our money in a more conservative account. Fidelity reps recommended this. I spend an hour a day, at the least, reading this forum and trying to educate myself, hence the question as I realize this may not be the best place to park 2/3 of our money. Thank you for your response
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Old 02-20-2017, 05:56 AM   #4
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Only you can determine what equity AA you want. If you like the idea of this fund but want more stocks then you could switch to FASMX which is the same as you have but with 50-70% stock AA.
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Old 02-20-2017, 06:29 AM   #5
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if you're looking for a Fidelity fund with a 50-70% stock allocation, I think FBALX Fidelity Balanced fund is a better choice than FASMX. I own quite a lot of FBALX.
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Old 02-20-2017, 06:31 AM   #6
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FPURX might be option if you want more equity exposure with diversification. Always a 4 or 5 star fund. I use it as a base in my account.
Good, long term performer.
FPURX - Fidelity® Puritan® Fund Mutual Fund Quote - CNNMoney.com
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Old 02-20-2017, 07:04 AM   #7
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Only you can determine what equity AA you want.
+1
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Old 02-20-2017, 08:38 AM   #8
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FTANX is an actively-managed fund with target asset allocation of 30/50/20 and an ER of 0.54%. For me... too little equity, too much cash, and ER is too high. But assuming it matches your risk profile, the 5-yr quarterly average annual return (5.29%) slightly outperformed a 30/50/20 mix of VTI/BND/Cash (5.20%), despite a significantly lower ER of the latter.

So again, if that's the AA you want, then I suppose it looks OK to me, although I'd still go with the lower cost, passively-managed index solution. I think perhaps the better question is whether you actually need to be that conservative, but only you can answer that. Just FYI, a 60/35/5 mix of VTI/BND/Cash would have returned 9.0% last 5 years. I'm not so sure I would characterize 50% bonds as "lower risk" going forward, but who knows.
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Old 02-20-2017, 11:05 AM   #9
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I posted incorrectly, it's FFANX, the 40% fund
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Old 02-21-2017, 01:11 AM   #10
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Originally Posted by DrRoy View Post
Only you can determine what equity AA you want. If you like the idea of this fund but want more stocks then you could switch to FASMX which is the same as you have but with 50-70% stock AA.


+1
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Old 02-21-2017, 10:49 AM   #11
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For about 10 years starting in the mid-1990s, I was in Fidelity's Asset Manager: Growth which became its Asset Manager 70% fund. After I had built up a large portfolio of my own, I felt I no longer needed to be in a mixed-asset fund - I could choose my own AA and put a lot of money into a stock fund and a bond fund. I then dissolved the fund and split it into my two main stock and bond funds I owned at the time.
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