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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Investor2 who wrote (4287)3/21/1998 9:16:00 AM
From: Kirk  Read Replies (1) of 42834
 
I2, I'd agree if you inserted the word "most":

...most sector funds is that a given sector will tend to cycle between periods of excellence and periods of mediocrity.

I'd take Fidelity Select Electronic's 34.9% 5 yr performance and live with a mediocre period if it ever comes! I bought "Fidelity Value" in my PreBrink days (1992?) and it handily outperformed the S&P500 in '93 and '94 but has sure lagged recently. I stick with this fund thinking it is safe being a value fund and my larger holdings are in the index fund (in that family) but 20:20 hindsight says I would have done TONS better to pay the load and go for Fidelity Select Electronics. Of course, I bought the Price S&T fund in 1996 and it is up a "whopping" 16.4% as its excellent year was 1995 and it has been in relative mediocrity ever since. Sometimes, in rare circumstances, paying the load is worth it.

BTW, Fidelity Value has a high tax load of something like 10% or so the past few yrs. so I get both under performance and higher taxes; such a deal! I've been planning to bail on this fund and put the money into either the total stock market or maybe bit the bullet and pay the 3% load for Fidelity Select Electronics......There are still good reasons to own a value fund, but performance has not been one of late.

Any suggestions? Fund more UTEK shares? Maybe use the opportunity to get into an income fund like the GNMA? This is non deferred money...

regards
Kirk out
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