uruloki’s lair

From the Instapilot at the Donovans, blogging on a completely different subject, I get a reference to someone else who has problems with First Command. Fortunately for you, he’s a lot more articulate than me. I will note that he comes to the same conclusions as I did, e.g. USAA rox0rs, First Command sux0rs (well, not in those words…).

First Command’s most often cited flagship fund, Fidelity Destiny, ranks in the bottom 20% of the large growth category over both the trailing 5-year and 10-year time periods.

Fidelity Destiny—a large cap fund—also trails the S&P 500 by an astounding 5% per year over the last ten years.

It’s underperformance is consistent over almost any trailing time period you’d care to name.

He’s going on the menu bar…

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