Decoding FNCMX: A Deep Dive into Fidelity NASDAQ Composite Index Fund [D0u02VCLsZL]
00:00:00 The Investment Landscape 00:00:46 Comparing the Titans 00:03:27 Deep Dive into FNCMX 00:05:42 Strategic Takeaways Millionaire next Door Make a six minute long video on FNCMX the Fidelity® NASDAQ Composite Index® Fund ### Performance Summary #### FXAIX Expense ratio 0.015% - **Start Balance**: $10,000 - **End Balance**: $30,470 - **Annualized Return (CAGR)**: 12.56% - **Standard Deviation**: 15.66% - **Best Year**: 31.47% - **Worst Year**: -18.13% - **Maximum Drawdown**: -23.88% - **Sharpe Ratio**: 0.74 - **Sortino Ratio**: 1.15 - **Benchmark Correlation**: 0.95 #### QQQ Net expense ratio 0.2% - **Start Balance**: $10,000 - **End Balance**: $46,960 - **Annualized Return (CAGR)**: 17.85% - **Standard Deviation**: 18.95% - **Best Year**: 54.85% - **Worst Year**: -32.58% - **Maximum Drawdown**: -32.58% - **Sharpe Ratio**: 0.89 - **Sortino Ratio**: 1.47 - **Benchmark Correlation**: 0.99 #### FSELX net Expense ratio 0.64% - **Start Balance**: $10,000 - **End Balance**: $96,291 - **Annualized Return (CAGR)**: 27.19% - **Standard Deviation**: 28.34% - **Best Year**: 78.14% - **Worst Year**: -35.18% - **Maximum Drawdown**: -40.74% - **Sharpe Ratio**: 0.94 - **Sortino Ratio**: 1.58 - **Benchmark Correlation**: 0.86 #### Fidelity Nasdaq Composite Index net Expense ratio: .29% - **Start Balance**: $10,000 - **End Balance**: $38,514 - **Annualized Return (CAGR)**: 15.40% - **Standard Deviation**: 18.56% - **Best Year**: 45.13% - **Worst Year**: -32.39% - **Maximum Drawdown**: -32.39% - **Sharpe Ratio**: 0.79 - **Sortino Ratio**: 1.26 - **Benchmark Correlation**: 1.00 Top holdings for Fidelity Nasdaq Composite Index (FNCMX) Top 10 Holdings (as of 04/30/2024) Microsoft Corp (MSFT): 11.39% Apple Inc (AAPL): 10.35% NVIDIA Corp (NVDA): 8.50% Amazon.com Inc (AMZN): 7.16% Alphabet Inc CLA (GOOGL): 3.78% Meta Platforms Inc CLA (META): 3.72% Alphabet Inc CL C (GOOG): 3.68% Portfolio Overview 54.51% of Total Portfolio 3,194 holdings as of 04/30/2024 End the video with these takeaways -if you're going to have similar drawdowns in percentage points to QQQ witch has returned more than FNCMX could consider FTEC which is the Fidelity technologies fund at a 0.08 Percent expense Ratio or VGT which is Vanguard technologies fund that a 0.1% expense ratio. This means that you save more while getting more returns. Also if you wanted to keep the same expense ratio of FNCMXU could consider SMH which is a less expensive alternative to FSELX but you're going to take on the similar profile of volatility that FSELX has. This is not Financial advice I'm an Affiliate Affiliate Disclosure I want to inform you that I am an affiliate for the following products. This means I may earn a commission if you make a purchase through the links provided. However, I only promote products that I believe can genuinely help you enhance your skills and achieve your goals. 1. Credit Repair If you're looking to improve your credit score and repair your credit history, check out this effective solution: 2. Automated Investment Strategy For those interested in automating their investments and simplifying the process, I recommend this automated strategy builder: 3. Productivity Hacks To elevate your productivity and learn effective techniques for managing your time, explore this program: Feel free to explore these resources, and remember that your success is important!