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A New Winner On Mutual Fund Charts: Fidelity Leveraged Company Stock Fund
Does anyone here use this fund? This fund has been an intriguing choice for a while. However, I've never been able to figure out how I would fit it into a portfolio. It doesn't seem quite exciting enough for mad money (though 50+% down in 2008 no doubt was pretty thrilling). Or would you just use it as part of a portfolio of go-anywhere funds?
I used to own this. I now prefer Fidelity Low-Priced stock (FLPSX) istead. It is a high beta fund. It goes up well in bull market and drops even more severely in bears. It is hard for most people to hold it with such swings. Pay attention to the the leveraged word in the fund description. It is not a leveraged fund in usual sense but the companies themselves are leveraged which makes them very sensitive to market movements.
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