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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (4814)10/6/2002 3:52:25 PM
From: Larry Dambra  Read Replies (4) of 4916
 
Julius,

Big article in the NY Times about sector funds today (Sunday 10/6) with a not so favorable spin.

It's really not surprising that the sector funds are down when the entire market is down, doesn't require any real rocket science to figure that out.

Their main point was regarding fees, and as we've discussed many times here, it's not smart to trade in such a way as to get bitten by those 3% in and out assessments.

Larry
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