"Stay the course" was their mantra of the day. The message
never fluctuates despite a constantly changing world.
Never mentioned is the inherent conflict of interest that exists
between Fidelity and participants in the 401k/profit sharing plans
they administer. Fidelity's management fees are based upon
$$$ invested in the mutual funds they manage. Why would they ever
suggest participants move to cash? It's against their
financial interest.
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Received a similar message from Fidelity Investments
As I have posted previously on several occasions I follow ...
Posted by RichieD on 24th of Jun 2016 at 07:07 pm
"Stay the course" was their mantra of the day. The message never fluctuates despite a constantly changing world.
Never mentioned is the inherent conflict of interest that exists between Fidelity and participants in the 401k/profit sharing plans they administer. Fidelity's management fees are based upon $$$ invested in the mutual funds they manage. Why would they ever suggest participants move to cash? It's against their financial interest.