AboutWarren Boroson Expertise Author of "Keys to Investing in Mutual Funds" (Barrons), "Ultimate Mutual Fund Guide" (Probus), "How to Pick Stocks Like Warren Buffett" (JKLasser), and "The Reverse Mortgage Advantage" (McGraw-Hill). Former financial columnist for Gannett News Service.
Experience Author of 20 books; winner of 1996 Personal Finance award from Investment Company Institute and Washington University. Formerly on staffs of Money and Sylvia Porter's Magazine. Had a radio program (on WEVD) about mutual funds and a newsletter, FundDigest.
Question What is your opinion on Fidelity ContraFund (Large Cap Growth, 5 star Morningstar rating)
Thank you for your time
Answer Dear Jason:
Apart from its gigantic size, there's nothing not to like about Fidelity Contrafund. A M* Analyst Pick. Rated high for return, low for risk. Almost 20% in foreign stocks. Over 15 years, Contrafund has beaten the S&P 500 by 3.99 percentage points.
It's a growth fund these days, and I suspect that many portfolios could benefit from more exposure to large-company growth stocks, considering how poorly they have been performing and how overdue they are for a turnaround.
