All I used to hear was that actively managed funds would never beat an SP500 index fund like VFINX long term. People were flabbergasted by one fund that beat the SP500 year after year (7 years in a row I think it was). I forget the name but I think Bill Miller was the portfolio manager.
Anyway, Im not sure thats the case anymore. I dont hear that advice thrown around every day now like it used to be 10 years ago. It seems that more and more funds with long histories are starting beat the index more and more as long as they have low expenses (Vanguard, Fidelity).
The biggest portion of my retirement funds are in Fidelity Contrafund and Fidelity Low Price stock which have handily trounced VFINX the past decade.
My 457k account has beaten SP500 (VFINX) each and every year for the past 8 years that Ive been following it this closely and it wouldve done better without the percentage VFINX that I have.
Ive been wanting to sell something and diversify further recently and all of the sudden I'd rather sell VFINX than FCNTX or FLPSX. I still have about 33% of my total porfolio in either SP500 index funds or SPY stock and thought I would never sell it (until withdrawal time)
Thoughts?
Anyway, Im not sure thats the case anymore. I dont hear that advice thrown around every day now like it used to be 10 years ago. It seems that more and more funds with long histories are starting beat the index more and more as long as they have low expenses (Vanguard, Fidelity).
The biggest portion of my retirement funds are in Fidelity Contrafund and Fidelity Low Price stock which have handily trounced VFINX the past decade.
My 457k account has beaten SP500 (VFINX) each and every year for the past 8 years that Ive been following it this closely and it wouldve done better without the percentage VFINX that I have.
Ive been wanting to sell something and diversify further recently and all of the sudden I'd rather sell VFINX than FCNTX or FLPSX. I still have about 33% of my total porfolio in either SP500 index funds or SPY stock and thought I would never sell it (until withdrawal time)
Thoughts?