Fidelity Small Cap Stock Fund Closing
I must be one heck of a mutual fund picker. Another one of my Fidelity funds is closing. I got the announcement today via email.
I was lucky to be employed with a company that uses Fidelity as its 401k administrator. From their retirement advice, I selected a mix of funds, REIT, Bonds, Large-, Mid-, and Small-Cap funds. I guess I did it a little randomly because I was looking for strong growth out of the REIT, mid-cap and small-cap funds with some stability in large-cap stocks. I think most places would have advised me to aggressively invest in stock funds without any bonds, but I do like to balance my risk a little.
When I left my old firm, I rolled my 401k into a private IRA plan at Fidelity. I know that if I ever leave my current firm, I’ll roll my 401k money into Fidelity since I really can’t stand my current fund options, but would hate to skip out on plan participation. The tax benefit is too good to pass up, plus there is a small amount of matching I receive at this firm. All things being equal, I’d rather be at Fidelity or Vanguard than my current plan administrator. There is a broader variety of funds with these two firms and fewer fund administration fees overall.
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