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Strategies & Market Trends : Fidelity Select Sector funds
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To: Christopher who wrote (925)9/7/1998 10:41:00 AM
From: Angler  Read Replies (1) of 4916
 
Christopher:

The Select funds are proprietory with Fidelity. They carry a first time 3% load in IRA or regular acc'ts.which can be retained as long as you exchange monies from that select exchange purchase into any other Fidelity Select and/or Fidelity Fund or select Money Market fund. Considering that a direct purchase of individual stocks can cost 1 to 4% commission (depending on size and dealer)in both buy and sell trades, this is not a bad deal.
So once you're in the Select in one portfolio, you have a continuing credit of 3% - not a bad deal. You must keep your Select fund position intact for 29 days or incurr a .075% penalty except in the No. 085 M.Mkt.

Angler
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