Scalper1 News
Fidelity Contrafund (MUTF: FCNTX ), despite its generally positive reputation, represents a risk that retirees cannot afford to take in the opinion of Seeking Alpha contributor Eric Nelson, an advisor with Servo Wealth Management. The essential problem is that retirees have just one chance to get it right, and can’t afford the risks of style drift or underperformance that any active manager presents. Better to arm yourself with small- and value-tilted index funds, and critically, an advisor who will prevent client drift at just the wrong time, Nelson argues. We’d love to hear your thoughts on all this, in the comments section below. Note to readers: Financial Advisors’ Daily Digest will not be published on Thursday. But we’ve got a few extra links of advisor-related stories to hold you till Friday: Scalper1 News
Scalper1 News