Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rkf who wrote (2455)	3/25/2000 7:41:00 AM
From: dave kaiser	Read Replies (2) \| Respond to of 4916

Kent, I think I can answer your question. As long as your keep that money with Fido, say in their money market, it will be grouped as already having payed the 3% fee (Fido calls this a bucket of monies). From there you can place it back into any of their other funds and not repay the fee again, you can even go out of the selects into a regular Fido mutual and not have to pay it again. Say you buy Fido fund that only has a 2% load, then you sell it and buy a select fund, you then would only be charged the balance of 1% load that you owe. There are all kinds of exceptions to this, as Larry points out about the .75% fee for changing in and out within 30 days. The key to it is when you trim your position, not to pull the money away from Fido, they like keeping their hand on it.