on the stewardship of time, talent, money and personal finances
Saturday, February 03, 2007
When the Experts Give You Conflicting Advice
Fidelity Europe Capital Appreciation Fund was recently named a best buy by Forbes magazine. But the overall Morningstar rating is only 3 stars. Same deal with Fidelity Worldwide Fund. What's up with that? This is why I don't always use stock and mutual fund 'screeners' when looking for managed funds. And yes, for a variety of reasons, I do own actively managed funds through Fidelity, rather than index funds through Vanguard.