Is Fidelity Contrafund a good investment? (2024)

Is Fidelity Contrafund a good investment?

Overall, Fidelity Contrafund ( FCNTX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.

How safe is Fidelity Contrafund?

Overall Rating

Morningstar has awarded this fund 4 stars based on its risk-adjusted performance compared to the 1111 funds within its Morningstar Category.

Is the contrafund better than the S&P 500?

Key Morningstar Metrics for Fidelity Contrafund

The fund's roughly 13% annualized gain over the past decade beat the S&P 500 (the fund's broad-market prospectus benchmark) and ranked among the best-performing third of funds in either the large-blend or large-growth Morningstar Categories.

Which Fidelity fund has the highest return?

Fidelity Blue Chip Growth Fund (FBGRX)

One of Fidelity's top-performing funds, FBGRX is also one of its oldest. Dating back to 1987, FBGRX has managed to outperform the Russell 1000 Growth Index since inception, returning an annualized 12.9% versus 11.5%.

Is FCNTX a good buy now?

Fidelity Contra Fund's analyst rating consensus is a Moderate Buy. This is based on the ratings of 278 Wall Streets Analysts.

What is the downside to Fidelity?

In most situations, you will find what you need at Fidelity. There are a few downsides. Fidelity does not offer cryptocurrency investing. The company is also missing some features found on other investment platforms, like futures trading and paper trading, where you can practice trading.

Does Fidelity Contrafund pay a dividend?

FLCNX pays a dividend of $0.03 per share. FLCNX's annual dividend yield is 0.18%.

What are the top 10 holdings in Fidelity Contrafund?

Is Contra Fund a good investment?

Contra funds are thought to be high-risk investments. They invest in equities and underperforming industries that may have a promising future. Contrarian investing entails investing against market sentiment.

Who owns Fidelity Contrafund?

William Danoff is the single manager of the Fidelity Investments' flagship mutual fund Contrafund. Contrafund is one of Fidelity's largest mutual funds holding over $129 billion in assets, making it the largest single-manager mutual fund in the world.

What are the best Fidelity funds for income?

Is Fidelity investments better than Vanguard?

If you want to actively trade within your accounts, Fidelity might be the better option. However, if you want to focus more on index investing, or you want to use a robo-advisor, Vanguard has a slight edge.

What are the top 5 Fidelity mutual funds?

Is FCNTX a good retirement fund?

Overall Rating. Morningstar has awarded this fund 4 stars based on its risk-adjusted performance compared to the 1111 funds within its Morningstar Category.

What type of fund is Fidelity Contrafund?

The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. The fund is the "largest solely managed active equity mutual fund in the world," according to Fidelity.

Is Fidelity Contrafund better than VTI?

Fidelity Contrafund K6 (FLCNX) has a higher volatility of 4.21% compared to Vanguard Total Stock Market ETF (VTI) at 3.64%. This indicates that FLCNX's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure.

What happens to investments if Fidelity collapses?

If a brokerage fails, another financial firm may agree to buy the firm's assets and accounts will be transferred to the new custodian with little interruption. The government also provides insurance, known as SIPC coverage, on up to $500,000 of securities or $250,000 of cash held at a brokerage firm.

Is Fidelity too big to fail?

Whether this makes Fidelity “too big to fail” or not is up for debate, as that term usually applies to banks instead of brokerage firms. However, it seems very unlikely that the US government would allow such a large and systemically important firm to fail in a worst-case scenario.

What is the Fidelity controversy?

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November.

Is Fidelity Contrafund closed to new investors?

BOSTON (MarketWatch) -- Fidelity Investments is closing its biggest stock mutual fund, the $63.8 billion Contrafund, to new investors along with another fund run by William Danoff after the funds attracted billions of dollars in cash over a year.

Did Fidelity Contrafund have a stock split?

Fidelity Investments is moving ahead with a 10-to-1 split of shares at some of its most popular funds, including its Contrafund flagship fund, after putting the move on pause for two months following technical issues. After the close of markets this Friday, 13 Fidelity funds and share classes will undergo the splits.

What is the historical return of Fcntx?

Fund Performance

The fund has returned 22.90 percent over the past year, 7.30 percent over the past three years, 12.06 percent over the past five years and 12.09 percent over the past decade.

What is Contrafund invested in?

Investing in either 'growth' stocks or 'value' stocks or both. Normally investing primarily in common stocks. The value of the fund's domestic and foreign investments will vary from day to day in response to many factors.

What rank is Fidelity Investments?

Who is the most famous Fidelity fund manager?

Peter Lynch is one of the most successful investors in history. Lynch's love for investing began in his early years working as a caddy. At age 33, Peter Lynch was appointed to manage the legendary Magellan Fund at Fidelity.