
Is this volatile fund worth owning?
Manager hasn't run a diversified fund before.Bold approach can lead to sharp losses.Modest expense ratio relative to other broker-sold large-cap funds.In November 2006, James Morrow replaced Tim Cohen, who ran the fund for just 18 months. (Cohen continues to manage Fidelity Growth & Income
underperformed in recent years, we think it has all the makings of an interesting contrarian choice.) Fidelity Destiny I FDESX Fidelity Destiny II FDETX: With contractual plans going the way of the dodo, it's surprising that one of the nation's
also need to be wary of funds with exotic fee structures. For instance, until a recent change, Fidelity Advisor Destiny I FDESX and Fidelity Advisor Destiny II FDETX could be purchased only through a contractual plan that included onerous up-front charges
and has outgained 90% of its rivals over the past decade." Other funds that got the thumbs-up included Fidelity Destiny FDESX , Weitz Hickory WEHIX, Ariel ARGFX, Masters Select Equity MSEFX, Van Kampen Equity-Income ACEIX, and Gabelli ABC GABCX
Finally, Fidelity Destiny II FDETX easily beat Destiny I FDESX , even though it had the same manager, George Vanderheiden ..... Contrafund II FCONX 12.79 Large Growth 6.97 Fidelity Destiny I FDESX 13.54 Fidelity Destiny II FDETX 17.07 Large Value 12.55
broad charters, which Fidelity interprets to mean that managers can be flexible and go anywhere. As the cases of Destiny I FDESX , Destiny II FDETX, and Fidelity Advisor Growth Opportunity FAGAX show, that flexibility isn t so much the managers as Fidelity
compensated handsomely for building excellent long-term records at Fidelity's Advisor Growth Opportunities FAGOX and Destiny I FDESX funds, among others. Already a rich man, he was unable to justify working 70-hour weeks to make a few million more. Although
shares at some time in the first half while the more growth-oriented Karen Firestone sold nearly all of Fidelity Destiny I’s FDESX 9 million shares. Likewise, Bill Nygren, who replaced Robert Sanborn, sold about half of Oakmark’s OAKMX position in Philip
marked change from 1997, when the funds paid large gains in the midst of a lousy stretch of performance. Fidelity Destiny I FDESX This fund may be the most obvious candidate in the group. After all, it has gotten a new manager and done an about-face