Need help with selecting a fund.

[LRAO]

Hello everyone.

I'm about to open a Fidelity CC that rebates 1.5% into a Fidelity account. However, I don't have a Fidelity account (everything is with Vanguard). Looking to open an individual account. I'm not looking to use this money anytime soon. Looking to maximize: A) the money that I start off with and B) the money that is rebated into the account (A & B are obvious)

I'm looking at the Contrafund, but I already have lots of LV/LG/LB with Vanguard.

Suggestions?

[Whakamole]

There are cards that can give you 1%+ cash back without having to use a Fidelity account.

That being said... some good Fidelity funds:

FDIVX is a fine fund but is closing VERY soon - the 25th of this month.

One thing you can do is buy Contrafund but sell your equivalent Vanguard fund, and buy something more interesting that money. I do this in my 401k. I'm buying Contrafund there, and in my Rollover IRA fund, selling my equivalent large-cap growth fund in the same amounts, then buying international smallcap, emerging markets, and other choices not available to me in the 401k.

[brewer12345]

Quote:

There are cards that can give you 1%+ cash back without having to use a Fidelity account. * That being said... some good Fidelity funds: FDIVX is a fine fund but is closing VERY soon - the 25th of this month. One thing you can do is buy Contrafund but sell your equivalent Vanguard fund, and buy something more interesting that money. *I do this in my 401k. *I'm buying Contrafund there, and in my Rollover IRA fund, selling my equivalent large-cap growth fund in the same amounts, then buying international smallcap, emerging markets, and other choices not available to me in the 401k.

Hmmm, didn't know that FDIVX was closing. I buy this in my 401k.

Anyone looked at Schwab's new CC? I don't think it is worth opening an account with Scwab to get the card, but for those of us with accounts there already it might be worth a look. I need to read the fine print, though.

[soupcxan]

The schwab card seems to offer some "points" scheme...this obsfucates the true value of the rewards you get. I prefer my straight up 5% gas+food / 1% everything else cash back card from Citibank. Plus, the funds can be invested in any account I choose.

[cute fuzzy bunny]

I've got one of those citibank cards, but they mess with me on the 5% payout.

They wont pay anything on the gas I buy at sams club, saying gas is not their primary business. Hmm...they have a gas station. Its not attached to the main building. When I charge to it, it goes to "Sams club gas" not to "sams club". They accept all forms of payment at the gas station while sams club accepts only cash, checks and discover card (who also doesnt pay the full reward for sams purchases). Sounds like a somewhat separate entity selling gas to me.

When I buy groceries with the credit card at the local bel-air, they also do not reward at 5%. They claim they are unaware of the store and will "investigate" its status as a grocery seller. Bel-air/raleys/nob hill is one of the largest grocers in california.

Further, they dont specify how much they pay for which purchases on your statement, just a lump amount. I imagine this is to avoid the never ending customer service calls pointing out mistakes made in the rewards payouts. Of course I called them and made them step through each item on the phone as a 'reward' for this customer friendly approach.

Fidelity low priced stock (flpsx) is one of their better offerings, unfortunately its closed to new investors.