It can't find anything to buy and ends up with so much money in cash that
it can't keep up its present growth percentage with cd's or t bills

"John A. Weeks III" <john[at]johnweeks.com> wrote in message
news:john-60188C.06530817042007[at]sn-ip.vsrv-sjc.supernews.net...
- quote -


======================================= MODERATOR'S COMMENT:
Please trim the post to which you are responding. "Trim" means that except for a FEW lines to add context, the previous post is deleted.

In article <1176766669.602435.282180[at]y5g2000hsa.googlegroups.com> ,
"SSim" <shrewdsimian[at]gmail.com> wrote:

- quote -

Normally, a closed fund is closed to new investors, but if
you already own shares, you can often buy more.

A fund closes because the manager thinks that he or she
cannot do as well with more money. The theory is that a
small fund can find opportunities to beat the market,
whereas a large fund gets so big that it essentially
becomes an index fund.

-john-

--
================================================== ====================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ====================

I was looking at opening an IRA with Fidelity and one stock that
caught my eye was FDIVX. However, according to the information page
for the stock it is closed to new investors:
http://personal.fidelity.com/product...html?315910802

Does this mean only when investing through Fidelity or all investors
period?

Why would a fund be closed to new investors?