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How to Turn a 3% Return Into a 10% Gain

Continuing to regularly buy these funds while others were selling would have improved your results during the past five years.

Mentioned: , , , ,

Would you consider a 10.5% annualized gain a satisfactory investment return for the five years ended Aug. 31, 2013?

Would you believe it if you were told you could have gotten that result from one of the worst-performing and most unpopular large-growth funds of that time period:  Fidelity Magellan (FMAGX), which posted an anemic 3% annualized, time-weighted gain and watched investors pull nearly $20 billion out during that span?

Dan Culloton has a position in the following securities mentioned above: NYVTX. Find out about Morningstar’s editorial policies.

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