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Strategies & Market Trends : Fidelity Select Sector funds

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To: Angler who wrote (3393)	2/15/2001 9:04:42 PM
From: MoneyPenny	Read Replies (1) of 4916

my best financial advice ever to my daughter and her then boyfriend was to back off San Francisco real estate last summer. They were involved in a weekend game of looking at houses in the city, bidding over the ask and constantly losing to someone willing to pay 20% or even more over the asking price. They are young (under 30) and couldn't imagine that the dot.com party could end and were talking about this hovel or that hovel being a bargain at 800k. What a difference 9 months makes: They are very lucky to have a leases in Mill Valley at this point that are affordable now that their jobs have lost their luster. I'm in select money markets and FSESX only right now. Wish I had gone totally to cash. Sharon

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