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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (45241)	7/27/2001 11:39:34 AM
From: LTK007	Read Replies (1) \| Respond to of 56535

dug up post that put me onto how funds are going global with their BS. >>To:Lucretius who started this subject From: George S. Cole Monday, Jul 9, 2001 3:25 PM View Replies (1) \| Respond to of 114758 Fidelity trying to suck more foreign money into the collapsing US market. Note the empahsis on long-term investing and the denigration of market timing. Vanguard is preaching the same BS. Investors who follow this advice will be massacred. The days of buy and hold are over for quite a some time IMHO. Fidelity Investments Recommends Investors Take A Long Term View During Market Volatility AME Info Posted Monday July 9, 2001 - 02:46:28 PM EDT Dubai – Fidelity Investments, the world's largest independent fund management organisation, has introduced Arabic and English versions of a new 'Investing in Volatile Markets' guide in the Gulf, covering the company's perspective on the prevailing economic slowdown and the benefits of investing over the long term. "Our new guide, which is available at all our partner banks in the Gulf, aims to allay potential investor concerns about keeping their money in the stock market and mutual funds because of recent market volatility," said Sian Parry, Executive Director, International Business Development, Fidelity Investments. "It outlines, in both English and Arabic, Fidelity's perspective on the reasons behind the current situation and showcases the history of volatile markets to demonstrate the advantages of investing for the long term and not trying to time the market." A decline in share prices is normally caused by an economic downturn, a deceleration in corporate profits growth, rising inflation, rising interest rates and bond yields, or by valuations becoming too inflated. Fidelity's "Investing in Volatile Markets" guide, its fourth in a series of common sense guides, explains that the current market decline has been triggered primarily by concerns over slowing economic growth in t he US, downwards revisions of profit growth forecasts, and the bursting of the technology bubble. The guide also outlines how stock market bubbles occur - when stocks rise in price regardless of fundamental factors such as earnings, as was the case last year with most technology stocks - and explains why valuations should be improving now that many IPOs have gone out of business and the surviving companies begin to earn and grow profits. "The guide showcases how length of time, and not timing, is of the essence when investing in the stock market," added Parry. "Research shows that the longer investors stay in the market, the less chance they have of losing money, and the more chance they have of making money." Parry's assertions are based on an analysis, covering a period of 25 years, which looks at the difference in outcome to investors holding investments for five years, compared to the results achieved by investors over three years and those invested for one year only. The new guide also provides tactics for dealing with volatile markets; mainly maintaining a diversified portfolio, investing regularly, avoiding panic and investing for the long-term. Fidelity offers Gulf investors the entire Fidelity Funds SICAV range of over 50 sub- funds through their network of alliance partners in the region. These consist of global, regional, sector and country specific equity funds, and a range of bond, cash and portfolio management products. Fidelity International, which trades under the name Fidelity Investments, serves the major markets of the world by providing investment products and services to individuals and institutional investors outside the US. Together with Fidelity Management and Research Co. of Boston, USA, Fidelity is the largest independent fund management organisation in the world, with over US42.3 billion of assets under management.>> end quote