I entered a position in my retirement account using the fidelity select banking. The index he follows is UP 3.09%, but the Fid fuind is almost unchanged (up 0.24%). That is a loss to the index of close to 3%. Worse is this: since my entry was at close yesterday (november 21, 2008). This means that this fund manager has been selling today, at the BOTTOM! What is the fraction of portfolio you think he has sold? Do the math and you will find out! Fucking idiot! I am paying an idiot to lose my money! I wish they had in the 401K the ability to buy EFT during trading day. I am really upset. this goes should do more than the index, and here he is doing 3% less, and charging me for his services!