Comments on Fidelity Observer: Fidelity Magellan: What's the problem?

mehoffer: I think there are several answers. Some ...

2006-07-24T22:43:00.000-04:00

mehoffer: I think there are several answers. Some people automatically invest through IRAs or 401ks. Others have had the fund for years and don't know how to let go. Still others equate "big" with "high performance."

And then there's my old favorite, Fidelity marketing. Even if the company hasn't marketed the fund for years, half-remembered performance stats or taglines or pictures of Peter Lynch may encourage people to invest in the fund.

I have to admit: Performance may have turned around, too, which usually results in a spurt of new money.

Out of curiosity, why would anyone invest in a fun...

2006-07-24T20:38:00.000-04:00

Out of curiosity, why would anyone invest in a fund as large as Magellan?

Fidelity has posted a message about the Magellan distribution on the front page of Fidelity.com. Wonder how many calls they got from panicked investors?

Hello Terry,

I can't give a precise answer ...

2006-05-08T12:33:00.000-04:00

Hello Terry,

I can't give a precise answer as I am unfamiliar with the details of your account and recent trades, but likely scenarios would either be:

1) The dividend was reinvested in Magellan, in which case there should be a corresponding rise in the number of Magellan shares you own

2) The dividend is being sent to your cash reserves.

Check your account history to see exactly what happened with the money; or call Fidelity customer service to see what's happening.

I saw the same thing? I show a $30,000 loss on Fr...

2006-05-08T11:26:00.000-04:00