Get a Smoother Ride With Convertibles

You don't need to understand all the complexities of convertible securities to dial down your portfolio's risk with a good convertible fund. Fidelity Convertible Securities is the best in the class.

A lot of the investors I talk with are nervous about the stock market. If you want to reduce your risk, convertible securities are an ideal solution. And Fidelity Convertible Securities fund (symbol FCVSX) is the best way to invest in this funky, but rewarding, market sector.

Lots of people steer away from convertible securities because of their complexity. As far as picking among individual converts, I agree: This is an endeavor best left to the pros. But you can hire a fund manager to do the heavy lifting for you -- and not worry about whether you understand all the ins and outs of converts.

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Steven Goldberg
Contributing Columnist,
Steve has been writing for Kiplinger's for more than 25 years. As an associate editor and then senior associate editor, he covered mutual funds for Kiplinger's Personal Finance magazine from 1994-2006. He also authored a book, But Which Mutual Funds? In 2006 he joined with Jerry Tweddell, one of his best sources on investing, to form Tweddell Goldberg Investment Management to manage money for individual investors. Steve continues to write a regular column for and enjoys hearing investing questions from readers. You can contact Steve at 301.650.6567 or