富达基金推荐

Fidelity Fund's Recommended Books

Recently, Fidelity Fund has recommended 6 inspirational books for everyone to reference (all of which are overseas). Let's explore these books and their insights:

1. Rewire your mindset (Author: Brian Keane)

Over the past 10 years, Brian Keane has transformed himself from an overweight, out of shape Londoner into a World Fitness Elite trainer. In this book, he shares his personal journey and provides guidance on how to rewire your mindset to achieve your fitness goals.

2. Fidelity Select Construction and Housing Portfolio (FSHOX)

With the aim of taking advantage of the low mortgage rates in 2021, people are interested in purchasing houses. Additionally, the desire for more social space during the pandemic has increased the demand for new homes. This has led to the popularity of the FSHOX fund, which focuses on construction and housing industries.

3. The Birth of Fidelity Fund

In 1930, the Fidelity Fund was founded during the Great Depression. Initially, the fund had a conservative investment style, mostly holding railway bonds. However, by 1943, the fund was on the verge of bankruptcy as the railway bonds became junk bonds. Edward Johnson II, a Boston lawyer, then became the chair and president of Fidelity Fund, saving it from collapse.

4. The Creation of Fidelity Management and Research Company

In 1946, Fidelity Management and Research Company was established with Edward Johnson II as its leader. In the 1960s, the company formed FRM Investment Management Services and continued to expand its services.

5. The Lifespan of Mutual Funds

The lifespan of mutual funds is generally not very long. According to my colleague who managed two Fidelity funds, approximately 1/4 of funds survive for less than five years. However, Fidelity Fund has been able to maintain its reputation and successfully navigate the challenges of the industry.

6. Peter Lynch and Fidelity Fund

Peter Lynch is often associated with Fidelity Fund's success. During his 13-year tenure managing the Fidelity Magellan Fund, he transformed the fund's assets from $18 million to $14 billion. Although Lynch is no longer with Fidelity Fund, his contributions have had a lasting impact on the company and its reputation.

7. Accessing Overseas Funds

One can directly apply for opening an overseas account to access globally recognized international fund companies such as BlackRock, Fidelity, and J.P. Morgan Asset Management. Many of these fund companies offer subscription services through sales counters or online platforms.

In conclusion, Fidelity Fund's recommendations include books that provide insights on mindset transformation, opportunities in the construction and housing industry, the history and success of the Fidelity Fund, and the accessibility of overseas funds. These resources can serve as valuable references for individuals looking to enhance their financial knowledge and investment strategies.