Achiever51
Thinks s/he gets paid by the post
- Joined
- Feb 28, 2007
- Messages
- 1,015
Came across this article this evening and thought it was an interesting balance to the Vanguard vs. Fidelity discussions:
At last! Winning 'Lazy Portfolios' using Fidelity funds - MarketWatch
from the article:
For decades Fidelity left the no-load indexing business to Vanguard and built its reputation on actively managed funds. But in recent years Fidelity has dropped some loads and added some index funds in a challenge to Vanguard.
So several weeks ago I asked financial adviser Paul Merriman (his "FundAdvice Ultimate Buy & Hold" is one of "Lazy Portfolios" we track regularly) about creating Fidelity "Lazy Portfolios" and comparing their performance with the Vanguard ones we've been tracking, using Fidelity funds that track similar indexes. We also got help from the folks at Fidelity.
Here's the comparison: As it turns out, Fidelity's selection of index funds is still quite limited. Nevertheless, three of the smaller "Lazy Portfolios" (Dr. Bernstein's "Smart Money," Scott Burns "Margaritaville" and Kevin Roth's "Second-Grader's Starter") offered great head-to-head comparisons. Since all the funds in both versions track similar indexes, I didn't expect much difference in performance, I just wanted to give Fidelity's 19 million investors a new "Lazy Portfolio" strategy. ...
.
At last! Winning 'Lazy Portfolios' using Fidelity funds - MarketWatch
from the article:
For decades Fidelity left the no-load indexing business to Vanguard and built its reputation on actively managed funds. But in recent years Fidelity has dropped some loads and added some index funds in a challenge to Vanguard.
So several weeks ago I asked financial adviser Paul Merriman (his "FundAdvice Ultimate Buy & Hold" is one of "Lazy Portfolios" we track regularly) about creating Fidelity "Lazy Portfolios" and comparing their performance with the Vanguard ones we've been tracking, using Fidelity funds that track similar indexes. We also got help from the folks at Fidelity.
Here's the comparison: As it turns out, Fidelity's selection of index funds is still quite limited. Nevertheless, three of the smaller "Lazy Portfolios" (Dr. Bernstein's "Smart Money," Scott Burns "Margaritaville" and Kevin Roth's "Second-Grader's Starter") offered great head-to-head comparisons. Since all the funds in both versions track similar indexes, I didn't expect much difference in performance, I just wanted to give Fidelity's 19 million investors a new "Lazy Portfolio" strategy. ...
.