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Strategies & Market Trends : Fidelity Select Sector funds

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To: Carolyn S. who wrote (1274)11/28/1998 5:30:00 PM
From: MoneyPenny  Read Replies (2) of 4916
 
I trade selects in both Brokerage IRAs and mutual fund iras. I have not noticed a difference in the fees applied to these. Recently I exchanged select funds and the $7.50 fee was waived "because I traded through electronic channels".(This was the message at the top of the screen when I entered the trade) I am not sure why this happened, but it made me happy, $7.50 now is hundreds later by the year I want this money.
I also receive favorable brokerage rates because I am a "frequent trader". Certainly not as low as some places but I am happy with my online accounts and can even check on a variable annuity online with them. I am holding computers, dev. communications, food, utils, gold (insurance in my mind against BK),and a small leftover of FSVLX which I couldn't bear to abandon since it had done so much for me. From a tiny $500 position in FSVLX, my select "basket" of money is by far my largest position in one mutual fund IRA. I also hold a ill timed reentry to FSESX which is down about 4% which I will probably get rid of this week as barring a stunning world event, this is dead money. Sharon
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