Mutual Fund advise needed

[dajoga]

I have an IRA in a Fidelity large growth fund that is a 2 star rating by Morningstar. Since 1999 it has consistently been below the S&P index and the large growth category avg., however, it currently has a 13.25% YTD growth.
Additionally, the fund is sold only through contractual plans offered by independent investment professionals and banks which adds to its cost.

#1-should I keep it or sell it?
#2-if I keep it what signs should I look for to consider selling?
#3-if I sell, should I buy another in the large growth category: looking for one that has shown that it consistently beats the S&P and category avg.?

Three funds that look good are:
Marsico Focus (MFOCX) with a 15.36% 3 yr.avg. and 10.54% YTD
Janus Olympus (JAOLX) with a 16.08% 3yr.avg. and 14.25% YTD
Fidelity Contrafund (FCNTX) with a 19.73% 3 yr.avg. & 17.13% YTD

[The_Sonarman]

Well, given it's within an IRA plan, you can sell it without tax consequences. Speaking strictly for myself, I never hold an underperforming issue.... always freeing up the cash being held hostage. My mantra, "ditch your losers and let your winners ride".

One of my buddies plays Fidelity funds using an advisory group that changes the mix from time to time.... yielding him about 40-42% return per year. The advisory service is about 50 bucks per month (if memory serves), but it's worth it to him given the yield versus the size of the funds he plays with. I can go into it further if you desire.... just send me a private message through the site and I'll get real specific. However, please understand I can not give investment advice, as that can get one really crucified by the SEC. I can tell you "what I do, or what my buddy does", and you can decide for yourself if we're crazed lunatics or whatever.

I wish I could advise you better dgauw, but I can't. I myself do not work with mutual funds.... although I do play around from time with their relatives, which are Exchange Traded Funds (ETFs). I mainly work strictly with actual Stocks, Stock Options, Currency Options, and the Forex markets.