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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?

To: Angler who wrote (2439)	3/22/2000 7:57:00 PM
From: rkf	Read Replies (1) \| Respond to of 4916

Angler, was that "I reacted badly" as in I punched the guy's lights out, or as in I moved out of techs to quickly? :) I ask myself these questions regularly: Are the baby boomers going to continue to funnel massive dollars into the stock market during this time of year? Yes. Do they want to be in techs? Yes. Is there going to be a massive 50% market correction soon? Probably not. Am I really lousy at guessing market highs and lows? Do I really need to answer that last one. Kent

To: Angler who wrote (2439)	3/22/2000 9:39:00 PM
From: Julius Wong	Read Replies (2) \| Respond to of 4916

Angler: Extremely volatile market. The big fund managers are playing games! Now the best funds are FSELX, FSESX, and FBIOX. The risk/reward ratio still reasonable. Julius

To: Angler who wrote (2439)	3/23/2000 7:14:00 PM
From: Jerry Held	Read Replies (1) \| Respond to of 4916

I understand how you feel. I've been in FSDCX and FSPTX exclusively for over a year and wonder if I should pull out before I lose all my gains or just hold tight. By the time I finish mulling it over, the "correction" seems to be over and back up we go. I've still got 15-20 years to go before I need this IRA money and staying put has worked for this short time period in an area where staying put isn't supposed to be the way to operate. Just lucky so far I guess, but a core holding in technology related sectors for quite a few years seems sensible in a logical sort of way. But then, when have the markets been logical? Jerry

To: Angler who wrote (2439)	3/24/2000 3:59:00 PM
From: Larry Dambra	Read Replies (1) \| Respond to of 4916

Angler, Having been in the sector funds for a little more that five years now, I can share my experiences for what they're worth. By the way, I put about $25K in to start, and it's grown to well over $50K. I can only imagine where it would have been without my expensive lessons. So here goes ... 1. Don't switch too often, and never pay the 0.75% for switching more the every 30 days. Never, ever pay the 3% load after your initial entry (no in and out). 2. Don't forget number 1. 3. If you look at the price of one of your sectors and say, "These prices are way high", it might be time to switch. Don't get overly complacent. 4. Don't forget number 1. 5. Never chase a high flyer. If you want to move it should be from a high flyer to a undervalued sector, never the other way. Think long term. 6. Don't forget number 1. Finally, in my opinion, the only way to play these sector funds is to look out five years and try to figure what will be the trends. Be a futurist. If we go back five years: technology, telecomm, developing comms, biotech, electronics, software and leisure should have been no-brainers. Hmmm ... come to think of it, these are the same as I would pick for the next five. I wonder ... Best of Luck Larry