Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Fido off 11%~News piece
Old 02-17-2007, 09:03 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,664
Fido off 11%~News piece

Fidelity net fell 11% in 2006
Fidelity Investments announced today that net income fell 11% last year -- despite higher revenue and managed assets -- due to factors including a rising headcount, advertising and special charges.
I wonder if this loss is a result (partially) of Fido decreasing the ER of many of the funds that compete well with Vanguard?


Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Fido off 11%~News piece
Old 02-17-2007, 09:07 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
Join Date: Mar 2005
Location: Chicago
Posts: 9,532
Re: Fido off 11%~News piece

Don't think so........they had higher revenue.

"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is online now   Reply With Quote
Re: Fido off 11%~News piece
Old 02-18-2007, 09:03 AM   #3
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,294
Re: Fido off 11%~News piece

Maybe it's the $42M fine they paid for shady practices of thier traders................

sorry it appears the links not working, but there are several documents dated 12/21/06 in their news archives..........

Under the terms of the settlement with the Independent Trustees, Fidelity has made arrangements to pay $42 million plus interest to the Fidelity Mutual Funds based on an allocation formula to be agreed to with the Independent Trustees
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
monte carlo vs. firecalc - or what is fido doing to me! Mysto FIRE and Money 17 03-26-2007 02:00 PM
Anyone sell individual Treasuries or TIPS? Especially at Fido. lazyday FIRE and Money 2 02-15-2006 09:40 PM
Here's a piece I wrote for my wife... Cb FIRE and Money 30 08-08-2005 05:06 PM
Fido delay Shredder FIRE and Money 6 06-28-2005 02:50 PM
Good piece of spam cute fuzzy bunny Other topics 3 03-16-2005 07:01 PM


All times are GMT -6. The time now is 05:17 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.