Fidelity Investments

By winter of 1994, Fidelity Investments offered 2 of the most consistently high yielding investment options available, the “Spartan” mutual fund and the “Magellan” mutual fund. After years of repeated high performance, Fidelity finally reported not only a loss, but a dip into the negative, much to the chagrin of investors. As it turned out, the loss was actually a misinterpretation of the data and though the yield was not as high as investors had been accustomed to in years past, it did not show such a negative yield.

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