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.