<<Usually, the top Select funds by this time of year
remain the top Select funds for the rest of the year.>>
Have you tracked this, or is this a general observation having invested in the Selects for
a number of years?
Just a general observation, Robert. I have no documentation.
But, if you look back at the results of the last several years,
you'll see that there's always one of the funds that's up over 100%
or more.
One year, it was Electronics. One year it was American Gold/Precious
Metals. One year, it was Energy Services. One year, it was Biotech.
There's always at least one fund that's really HOT !!
And, it my observation that once a particular fund takes the lead,
it very rarely relinquishes that lead for the rest of the year.
My birthday is on February the 8th. That's the time every year
when I get my first inclination as to what fund is the leader.
From then on, I try to divide my money between the top three
Select funds. Then, I reallocate as the top three change.
So far this year, I'm up about 17% in my IRA money. That
works out to about 68% per annum. Pretty good return.
I also have a charting program called Telescan and I will sell
when the 3-month chart with 9 and 3 day moving averages go sour.
But, picking the top three funds does a really good job for me.
You may be able to make more money by bottom-fishing these funds
but I prefer the momentum investing approach.
(At least in a rising or flat market. In a falling market, I stay in the Money Market fund)
I'd love to hear other approaches.
Speak up, everyone out there.
That's why we're here. |
