SIGforum
Anyone here own Fidelity FOCKX or FSELX in their 401?
May 11, 2018, 09:42 PM
Dan the manAnyone here own Fidelity FOCKX or FSELX in their 401?
That's FID OTC K and FID SEL SEMICONDUCT.
Check your portfolio. Someone misplaced a fucking decimal point.
They both didn't really drop 90% today.
Right?
China is Asshoe May 11, 2018, 09:57 PM
Dan the manOK the friendly robot guy just informed me there is a ten for one share split being conducted on certain funds today aftermarket.
Everything's fine, go about your business.
China is Asshoe May 11, 2018, 10:35 PM
nhracecraftI had three funds indicate an ~90% drop (~$100K loss to me) at close today....Holy Crap!
Per Fidelity, it's a planned 10-for-1 Share Split affecting a number of Mutual Funds after close today....Back to DEFCON-1
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May 11, 2018, 10:45 PM
Dan the manYessir that was an unpleasant feeling.
I knew there had to be some explanation.
Those 2 funds by the way, have done very well for me for the last couple of years.
China is Asshoe May 11, 2018, 10:50 PM
Rey HRHLOL. I bet you had a heart attack.
How are you following your stocks? On your brokerage app or just manually looking up the prices?
I would suggest using your brokerage app then you'd have the total market value also and you see the value remains the same.
"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
May 11, 2018, 10:58 PM
Dan the manI check in on the Fidelity site.
Went out on the internet to confirm the results.
-90% for the day.
China is Asshoe May 12, 2018, 12:35 AM
ElToroAnd their retail stores stock fund as well my brother called me in panic asking me wtf. Like I work for Fidelity. Mr google solved the problem in 10 seconds.